Stifel Financial Corp Buys 20,716 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Stifel Financial Corp increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,615,131 shares of the business services provider's stock after buying an additional 20,716 shares during the period. Stifel Financial Corp owned 1.38% of Broadridge Financial Solutions worth $365,177,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its position in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after purchasing an additional 111 shares during the period. Global X Japan Co. Ltd. purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $41,000. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $45,000. Salem Investment Counselors Inc. boosted its stake in Broadridge Financial Solutions by 200.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock worth $51,000 after buying an additional 150 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.8 %

Shares of BR stock traded up $1.78 during mid-day trading on Thursday, reaching $238.04. 334,241 shares of the company were exchanged, compared to its average volume of 523,632. The company has a market capitalization of $27.86 billion, a P/E ratio of 37.25 and a beta of 1.06. The business's 50 day simple moving average is $234.55 and its 200 day simple moving average is $230.51. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.88 dividend. The ex-dividend date was Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.09%.

Analyst Upgrades and Downgrades

BR has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research 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. UBS Group boosted their price objective 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 raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $241.00.

Insiders Place Their Bets

In related news, VP Laura Matlin sold 514 shares of the company's stock in a transaction on 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 sale, the vice president now directly owns 6,602 shares in the company, valued at approximately $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy C. Gokey sold 95,956 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,754 shares of company stock worth $29,397,793. Company insiders own 1.30% of the company's stock.

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.