Signal Advisors Wealth LLC Has $4.13 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Signal Advisors Wealth LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,196 shares of the business services provider's stock after buying an additional 3,699 shares during the quarter. Signal Advisors Wealth LLC's holdings in Broadridge Financial Solutions were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at $44,746,000. Assenagon Asset Management S.A. boosted its position in Broadridge Financial Solutions by 3,197.8% during the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider's stock valued at $43,945,000 after purchasing an additional 198,169 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Broadridge Financial Solutions by 2,302.8% in the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider's stock valued at $31,618,000 after purchasing an additional 140,886 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Broadridge Financial Solutions in the 3rd quarter worth about $274,650,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Broadridge Financial Solutions by 97.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider's stock worth $42,765,000 after purchasing an additional 98,275 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

BR stock traded up $2.26 during midday trading on Tuesday, reaching $227.07. 372,505 shares of the company's stock traded hands, compared to its average volume of 552,113. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 39.29 and a beta of 1.08. The company has a 50-day simple moving average of $228.78 and a two-hundred day simple moving average of $217.15. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $237.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company posted $1.09 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio is 60.90%.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 10,757 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now directly owns 12,689 shares of the company's stock, valued at $2,878,118.98. This represents a 45.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock valued at $12,264,846 over the last ninety days. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

BR has been the topic of a number of analyst reports. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson increased their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. UBS Group began coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average price target of $226.71.

Broadridge Financial Solutions Company Profile

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.