Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by SNS Financial Group LLC

SNS Financial Group LLC decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,114 shares of the business services provider’s stock after selling 571 shares during the period. SNS Financial Group LLC’s holdings in Broadridge Financial Solutions were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lyell Wealth Management LP boosted its position in Broadridge Financial Solutions by 52.6% in the 4th quarter. Lyell Wealth Management LP now owns 29,977 shares of the business services provider’s stock valued at $6,778,000 after buying an additional 10,334 shares during the period. Global Retirement Partners LLC boosted its holdings in Broadridge Financial Solutions by 14.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,548 shares of the business services provider’s stock valued at $576,000 after purchasing an additional 331 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $708,000. Kestra Investment Management LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $115,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Broadridge Financial Solutions by 66.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,547 shares of the business services provider’s stock valued at $576,000 after buying an additional 1,014 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $238.82 on Thursday. The company has a fifty day moving average of $232.75 and a two-hundred day moving average of $223.09. The company has a market capitalization of $27.95 billion, a PE ratio of 37.37 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $244.47. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $0.92 earnings per share. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. Broadridge Financial Solutions’s payout ratio is 55.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. UBS Group lifted their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $239.17.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. The trade was a 56.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brett Keller sold 5,442 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the sale, the director now directly owns 15,536 shares of the company’s stock, valued at $3,734,854.40. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,666 shares of company stock worth $5,050,766 in the last 90 days. 1.30% of the stock is owned by 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.