UMB Bank n.a. Purchases 57 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

UMB Bank n.a. raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,097 shares of the business services provider’s stock after acquiring an additional 57 shares during the quarter. UMB Bank n.a.’s holdings in Broadridge Financial Solutions were worth $248,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. raised its stake in 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 purchasing an additional 45 shares during the period. Avestar Capital LLC lifted its holdings in shares of Broadridge Financial Solutions by 4.0% in the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock worth $268,000 after buying an additional 48 shares in the last quarter. Huntington National Bank boosted its position 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 worth $480,000 after acquiring an additional 61 shares during the last quarter. Fiduciary Trust Co boosted its position in shares of Broadridge Financial Solutions by 1.4% during the third quarter. Fiduciary Trust Co now owns 4,475 shares of the business services provider’s stock worth $962,000 after acquiring an additional 61 shares during the last quarter. Finally, Menard Financial Group LLC grew its stake in Broadridge Financial Solutions by 1.6% during the third quarter. Menard Financial Group LLC now owns 3,914 shares of the business services provider’s stock valued at $842,000 after acquiring an additional 61 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 27,788 shares of the company’s stock, valued at $6,308,431.76. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on BR. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. DA Davidson reissued a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. UBS Group assumed coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus price target of $226.71.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $235.02 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day moving average is $229.78 and its 200 day moving average is $218.59. The firm has a market capitalization of $27.47 billion, a PE ratio of 40.66 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating 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 business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 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.