Hantz Financial Services Inc. Sells 3,613 Shares of Broadridge Financial Solutions, Inc. $BR

Hantz Financial Services Inc. cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.8% during the 2nd quarter, Holdings Channel reports. The firm owned 10,366 shares of the business services provider’s stock after selling 3,613 shares during the period. Hantz Financial Services Inc.’s holdings in Broadridge Financial Solutions were worth $2,519,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BR. Jones Financial Companies Lllp grew its stake in shares of Broadridge Financial Solutions by 28,222.6% in the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock worth $230,254,000 after purchasing an additional 946,304 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Broadridge Financial Solutions by 577.9% in the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after purchasing an additional 883,125 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock worth $3,572,199,000 after purchasing an additional 438,381 shares during the last quarter. Nuveen LLC bought a new stake in shares of Broadridge Financial Solutions in the first quarter worth about $91,445,000. Finally, Principal Financial Group Inc. grew its stake in shares of Broadridge Financial Solutions by 156.8% in the first quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider’s stock worth $98,155,000 after purchasing an additional 247,157 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the sale, the president directly owned 48,813 shares of the company’s stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the transaction, the chief executive officer owned 143,285 shares of the company’s stock, valued at approximately $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 147,532 shares of company stock worth $38,417,208. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BR. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. DA Davidson reaffirmed a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday. Finally, UBS Group lifted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $265.67.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $220.40 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $240.25 and its 200-day moving average price is $242.21. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91. The stock has a market cap of $25.72 billion, a P/E ratio of 31.09 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $1.05 billion for the quarter. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.975 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s payout ratio is presently 55.01%.

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.