Broadridge Financial Solutions, Inc. (NYSE:BR) Director Stuart R. Levine sold 7,868 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.58, for a total transaction of $602,531.44. Following the completion of the sale, the director now directly owns 39,747 shares in the company, valued at $3,043,825.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at 76.30 on Monday. The company has a 50-day moving average of $75.41 and a 200 day moving average of $71.81. The firm has a market capitalization of $8.89 billion, a PE ratio of 28.26 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12-month low of $59.86 and a 12-month high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $1.45 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 38.1% compared to the same quarter last year. On average, analysts predict that Broadridge Financial Solutions, Inc. will post $3.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be given a $0.365 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. This represents a $1.46 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 48.35%.

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Several analysts recently issued reports on BR shares. BidaskClub raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Barclays PLC upped their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, DA Davidson started coverage on shares of Broadridge Financial Solutions in a report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus price target of $76.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions during the second quarter valued at approximately $108,000. Toronto Dominion Bank boosted its position in shares of Broadridge Financial Solutions by 11.4% in the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after buying an additional 149 shares during the period. Global X Management Co. LLC boosted its position in shares of Broadridge Financial Solutions by 8.5% in the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock valued at $116,000 after buying an additional 120 shares during the period. Advisory Services Network LLC boosted its position in shares of Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after buying an additional 706 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of Broadridge Financial Solutions by 60.0% in the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock valued at $120,000 after buying an additional 600 shares during the period. 85.18% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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