1,022 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Purchased by Longboard Asset Management LP

Longboard Asset Management LP purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,022 shares of the business services provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NBC Securities Inc. boosted its holdings in shares of Broadridge Financial Solutions by 0.8% in the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 45 shares during the last quarter. Avestar Capital LLC increased its position in Broadridge Financial Solutions by 4.0% during the 3rd quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock worth $268,000 after purchasing an additional 48 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Broadridge Financial Solutions by 3.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock valued at $345,000 after buying an additional 52 shares during the period. UMB Bank n.a. lifted its position in Broadridge Financial Solutions by 5.5% during the fourth quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider’s stock valued at $248,000 after buying an additional 57 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Broadridge Financial Solutions by 12.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock valued at $119,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

BR opened at $238.72 on Tuesday. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $241.45. The stock has a market cap of $27.90 billion, a PE ratio of 37.36 and a beta of 1.08. The business’s 50 day moving average is $231.37 and its 200-day moving average is $220.56. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping 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 last year, the company posted $0.92 earnings per share. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.55 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BR. Morgan Stanley lifted their target price 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. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a report on Monday. DA Davidson restated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $239.17.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction 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 completion of the sale, the insider now owns 27,137 shares of the company’s stock, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock worth $12,264,846 in the last quarter. 1.30% of the stock is owned by company insiders.

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.