Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,606 shares of the business services provider’s stock after purchasing an additional 982 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BR. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadridge Financial Solutions by 50.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider’s stock worth $804,952,000 after purchasing an additional 1,186,555 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Broadridge Financial Solutions by 31,011.4% during the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider’s stock worth $240,027,000 after purchasing an additional 986,782 shares during the period. Norges Bank acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $106,904,000. Raymond James Financial Inc. acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $104,466,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of Broadridge Financial Solutions by 882.9% during the fourth quarter. Corient Private Wealth LLC now owns 437,171 shares of the business services provider’s stock worth $99,186,000 after purchasing an additional 392,695 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.2%

Broadridge Financial Solutions stock opened at $245.45 on Friday. The stock has a market capitalization of $28.83 billion, a PE ratio of 38.41 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month high of $247.01. The business has a 50 day simple moving average of $236.25 and a 200-day simple moving average of $234.76. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.23 earnings per share. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 52.93%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BR. Needham & Company LLC began coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a “buy” rating and a $300.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $250.83.

Insider Activity

In other news, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now directly owns 169,788 shares of the company’s stock, valued at $39,973,188.84. The trade was a 36.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the sale, the director now directly owns 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,072 shares of company stock worth $26,943,219 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.