MCF Advisors LLC Grows Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

MCF Advisors LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,220 shares of the business services provider’s stock after purchasing an additional 68 shares during the quarter. MCF Advisors LLC’s holdings in Broadridge Financial Solutions were worth $276,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BR. NBC Securities Inc. raised its holdings in shares of Broadridge Financial Solutions by 0.8% during the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after buying an additional 45 shares during the period. Avestar Capital LLC boosted 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 valued at $268,000 after purchasing an additional 48 shares during the period. UMB Bank n.a. lifted its stake in Broadridge Financial Solutions by 5.5% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Broadridge Financial Solutions by 12.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 57 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Broadridge Financial Solutions by 2.8% during the third quarter. Huntington National Bank now owns 2,233 shares of the business services provider’s stock valued at $480,000 after buying an additional 61 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction on 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 sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. This trade represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock valued at $12,264,846 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BR shares. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson boosted their target price on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, UBS Group initiated coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $226.71.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $233.93 on Wednesday. The business’s 50 day moving average is $229.66 and its two-hundred day moving average is $218.47. The company has a market cap of $27.34 billion, a P/E ratio of 40.47 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.90%.

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.