Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $239.17.
BR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Morgan Stanley upped their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, DA Davidson restated a "neutral" rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st.
Read Our Latest Research Report on Broadridge Financial Solutions
Shares of BR stock opened at $240.29 on Monday. The stock has a 50 day moving average of $231.71 and a 200 day moving average of $221.59. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64. The stock has a market cap of $28.12 billion, a P/E ratio of 37.60 and a beta of 1.08. Broadridge Financial Solutions has a twelve month low of $188.30 and a twelve month high of $242.39.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $0.92 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.
In related news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the completion of the sale, the vice president now directly owns 12,146 shares of the company's stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laura Matlin sold 514 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the sale, the vice president now directly owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock worth $5,050,766 over the last 90 days. Corporate insiders own 1.30% of the company's stock.
A number of institutional investors and hedge funds have recently bought and sold shares of BR. NBC Securities Inc. raised its holdings in Broadridge Financial Solutions by 0.8% during the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 45 shares during the last quarter. Adero Partners LLC increased its holdings in Broadridge Financial Solutions by 2.5% during the 4th quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock valued at $415,000 after acquiring an additional 45 shares in the last quarter. Sunburst Financial Group LLC increased its holdings in Broadridge Financial Solutions by 4.8% during the 4th quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock valued at $229,000 after acquiring an additional 46 shares in the last quarter. Avestar Capital LLC increased its holdings 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 acquiring an additional 48 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Broadridge Financial Solutions by 3.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock valued at $345,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.
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.
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