Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, HoldingsChannel reports. The firm purchased 27,072 shares of the business services provider’s stock, valued at approximately $2,546,000.

A number of other institutional investors also recently modified their holdings of BR. Toronto Dominion Bank increased its stake 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 worth $110,000 after acquiring an additional 149 shares during the period. Advisory Services Network LLC increased its stake 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 worth $118,000 after acquiring an additional 706 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Broadridge Financial Solutions in the second quarter worth $144,000. Aureus Asset Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $209,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $218,000. Institutional investors and hedge funds own 83.50% of the company’s stock.

In related news, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total transaction of $677,544.05. Following the sale, the director now directly owns 44,482 shares of the company’s stock, valued at $3,937,101.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schifellite sold 49,181 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares in the company, valued at $13,347,224.07. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

A number of research firms have recently weighed in on BR. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. DA Davidson reiterated a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Finally, Barclays reissued a “hold” rating and set a $95.00 price target on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $90.50.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $95.93 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $65.35 and a twelve month high of $96.00. The stock has a market cap of $11,180.00, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.56 and a beta of 0.99. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $923.68 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 51.05%.

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Broadridge Financial Solutions 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.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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