Wilmington Savings Fund Society FSB Acquires New Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Wilmington Savings Fund Society FSB bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,415 shares of the business services provider's stock, valued at approximately $3,530,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bogart Wealth LLC grew its position in shares of Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock worth $26,000 after purchasing an additional 96 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after acquiring an additional 142 shares during the last quarter. EdgeRock Capital LLC bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Broadridge Financial Solutions in the 3rd quarter worth about $38,000. Institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maura A. Markus sold 3,880 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,532 shares of company stock valued at $12,264,846. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded down $1.68 during midday trading on Friday, hitting $233.33. 119,957 shares of the company were exchanged, compared to its average volume of 517,022. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $237.96. The firm has a market capitalization of $27.27 billion, a PE ratio of 40.83 and a beta of 1.07. The business has a fifty day simple moving average of $224.07 and a two-hundred day simple moving average of $212.52. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results 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 analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast 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 will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. Broadridge Financial Solutions's dividend payout ratio is currently 60.90%.

Analyst Ratings Changes

BR has been the topic of several research reports. DA Davidson raised their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group assumed coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a "neutral" rating and a $250.00 target price on the stock. 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. Royal Bank of Canada restated an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.