Trueblood Wealth Management LLC Buys 88 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Trueblood Wealth Management LLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,844 shares of the business services provider’s stock after buying an additional 88 shares during the quarter. Broadridge Financial Solutions comprises approximately 0.8% of Trueblood Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Trueblood Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $1,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BR. American Century Companies Inc. lifted its position in Broadridge Financial Solutions by 5.1% during the second quarter. American Century Companies Inc. now owns 24,232 shares of the business services provider’s stock valued at $4,774,000 after buying an additional 1,184 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Broadridge Financial Solutions by 8.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,031 shares of the business services provider’s stock worth $400,000 after purchasing an additional 157 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Broadridge Financial Solutions by 33.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,929 shares of the business services provider’s stock worth $1,759,000 after purchasing an additional 2,219 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Broadridge Financial Solutions by 120.6% in the 2nd quarter. Intech Investment Management LLC now owns 26,932 shares of the business services provider’s stock worth $5,306,000 after purchasing an additional 14,721 shares during the last quarter. Finally, Brighton Jones LLC raised its position in shares of Broadridge Financial Solutions by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock worth $428,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares of the company’s stock, valued at $2,878,118.98. This represents a 45.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,532 shares of company stock worth $12,264,846. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.3 %

NYSE BR opened at $230.35 on Monday. The stock has a market cap of $26.93 billion, a PE ratio of 39.85 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96. The stock’s 50 day moving average is $229.43 and its 200 day moving average is $218.03. 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 (NYSE:BR) last issued 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. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.53%. Broadridge Financial Solutions’s payout ratio is presently 60.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, DA Davidson lifted their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average price target of $226.71.

About Broadridge Financial Solutions

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.