Lincoln National Corp Purchases 781 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Lincoln National Corp raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,835 shares of the business services provider’s stock after acquiring an additional 781 shares during the period. Lincoln National Corp’s holdings in Broadridge Financial Solutions were worth $789,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in 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 acquiring an additional 1,456,847 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Broadridge Financial Solutions by 124.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 687,830 shares of the business services provider’s stock worth $123,156,000 after purchasing an additional 381,882 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Broadridge Financial Solutions by 601.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 132,831 shares of the business services provider’s stock valued at $27,330,000 after buying an additional 113,905 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $227,750,000. Finally, Assenagon Asset Management S.A. increased its holdings in Broadridge Financial Solutions by 1,865.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 93,363 shares of the business services provider’s stock worth $19,209,000 after buying an additional 88,613 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the subject of a number of analyst reports. Evercore ISI reissued an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. DA Davidson restated a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Raymond James raised their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Finally, Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was 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 of the company’s stock, valued at $1,097,603.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,761 shares of company stock valued at $5,223,959. 1.60% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $193.04 on Friday. The firm has a market cap of $22.73 billion, a P/E ratio of 33.63 and a beta of 0.98. The business’s 50 day moving average is $199.85 and its 200-day moving average is $195.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a 1-year low of $144.54 and a 1-year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business posted $2.05 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.66%. Broadridge Financial Solutions’s payout ratio is presently 55.75%.

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.