Cushing Capital Partners LLC Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Cushing Capital Partners LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,411 shares of the business services provider’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also added to or reduced their stakes in BR. Principal Financial Group Inc. increased its stake in Broadridge Financial Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider’s stock worth $33,898,000 after acquiring an additional 6,552 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Broadridge Financial Solutions in the 3rd quarter worth about $260,000. SpiderRock Advisors LLC increased its stake in Broadridge Financial Solutions by 86.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 6,309 shares of the business services provider’s stock worth $1,357,000 after acquiring an additional 2,925 shares during the last quarter. Assetmark Inc. increased its stake in Broadridge Financial Solutions by 130.0% in the 3rd quarter. Assetmark Inc. now owns 667 shares of the business services provider’s stock worth $143,000 after acquiring an additional 377 shares during the last quarter. Finally, Atria Investments Inc increased 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 last quarter. 90.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 22,357 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now owns 52,524 shares in the company, valued at approximately $12,355,220.52. This trade represents a 29.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 completion of the sale, the director now owns 15,536 shares of the company’s stock, valued at approximately $3,734,854.40. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,798 shares of company stock worth $6,806,872. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BR. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. DA Davidson reiterated a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $239.17.

Broadridge Financial Solutions Trading Down 3.7 %

Shares of BR stock opened at $231.90 on Tuesday. The stock has a market capitalization of $27.14 billion, a PE ratio of 36.29 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58. The business has a 50-day moving average of $235.35 and a 200 day moving average of $225.50. 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 issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $0.92 earnings per share. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.09%.

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.