Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 41.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,141 shares of the business services provider’s stock after purchasing an additional 1,214 shares during the period. Merit Financial Group LLC’s holdings in Broadridge Financial Solutions were worth $852,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BR. Jensen Investment Management Inc. boosted its holdings in shares of Broadridge Financial Solutions by 2.4% during the third quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock worth $326,827,000 after purchasing an additional 43,235 shares during the period. Stifel Financial Corp boosted its holdings in shares of Broadridge Financial Solutions by 1,700.7% during the third quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock worth $276,194,000 after purchasing an additional 1,456,847 shares during the period. Northern Trust Corp boosted its holdings in shares of Broadridge Financial Solutions by 5.6% during the third quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock worth $236,879,000 after purchasing an additional 70,258 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Broadridge Financial Solutions by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after purchasing an additional 14,005 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Broadridge Financial Solutions by 0.5% during the fourth quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider’s stock worth $150,855,000 after purchasing an additional 3,840 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the sale, the director now owns 5,445 shares in the company, valued at $1,097,603.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the sale, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the sale, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,483 shares of company stock worth $9,745,637. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.8 %

NYSE:BR opened at $198.85 on Monday. The company’s 50 day moving average is $200.27 and its 200-day moving average is $195.29. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 34.64 and a beta of 0.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a 12 month low of $144.54 and a 12 month high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. Broadridge Financial Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.61%. Broadridge Financial Solutions’s payout ratio is 55.75%.

Wall Street Analysts Forecast Growth

BR has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Raymond James raised their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

Broadridge Financial Solutions 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.