RWA Wealth Partners LLC Buys 4,215 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

RWA Wealth Partners LLC boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,080 shares of the business services provider's stock after buying an additional 4,215 shares during the quarter. RWA Wealth Partners LLC's holdings in Broadridge Financial Solutions were worth $2,505,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group grew its holdings in Broadridge Financial Solutions by 3.6% during the 4th quarter. Schroder Investment Management Group now owns 39,584 shares of the business services provider's stock worth $8,926,000 after acquiring an additional 1,378 shares during the period. American Money Management LLC grew its stake in shares of Broadridge Financial Solutions by 0.4% during the fourth quarter. American Money Management LLC now owns 34,114 shares of the business services provider's stock worth $7,713,000 after purchasing an additional 121 shares during the period. Allstate Corp bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at about $812,000. Maridea Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $267,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Broadridge Financial Solutions by 46.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,458 shares of the business services provider's stock valued at $330,000 after acquiring an additional 460 shares during the period. 90.03% of the stock is currently owned by institutional investors.

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Broadridge Financial Solutions Stock Down 2.2 %

Shares of BR traded down $5.37 during mid-day trading on Thursday, hitting $240.88. 322,626 shares of the company's stock were exchanged, compared to its average volume of 512,789. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $249.31. The company has a market cap of $28.19 billion, a PE ratio of 37.73 and a beta of 1.06. The company has a 50-day simple moving average of $237.66 and a 200 day simple moving average of $228.36.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period in the prior year, the company earned $0.92 earnings per share. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions's payout ratio is presently 55.09%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares of the company's stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 22,357 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the transaction, the president now owns 52,524 shares in the company, valued at $12,355,220.52. This represents a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,754 shares of company stock valued at $29,397,793. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

BR has been the subject of several recent analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. UBS Group boosted their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of "Hold" and a consensus price target of $241.00.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.