Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,098 shares of the business services provider’s stock after buying an additional 3,761 shares during the quarter. Sanctuary Advisors LLC’s holdings in Broadridge Financial Solutions were worth $4,167,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BR. Qsemble Capital Management LP purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $1,412,000. Atria Investments Inc grew its stake in Broadridge Financial Solutions by 9.7% in the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock worth $6,373,000 after acquiring an additional 2,610 shares during the period. Horizon Kinetics Asset Management LLC acquired a new position in Broadridge Financial Solutions in the 3rd quarter valued at $483,000. Quest Partners LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth $2,251,000. Finally, Legacy Capital Wealth Partners LLC boosted its holdings in shares of Broadridge Financial Solutions by 82.7% during the third quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider’s stock worth $1,528,000 after purchasing an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BR shares. DA Davidson raised their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, UBS Group began coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $226.71.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $231.92 on Tuesday. The company’s fifty day simple moving average is $224.77 and its 200-day simple moving average is $213.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $237.96. The company has a market cap of $27.11 billion, a PE ratio of 40.12 and a beta of 1.07.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Maura A. Markus sold 3,880 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the transaction, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock valued at $12,264,846 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions 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.