Arkadios Wealth Advisors Acquires 711 Shares of Broadridge Financial Solutions, Inc. $BR

Arkadios Wealth Advisors lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 70.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,719 shares of the business services provider’s stock after buying an additional 711 shares during the period. Arkadios Wealth Advisors’ holdings in Broadridge Financial Solutions were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. World Investment Advisors increased its holdings in Broadridge Financial Solutions by 32.4% in the second quarter. World Investment Advisors now owns 2,581 shares of the business services provider’s stock worth $627,000 after purchasing an additional 631 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in shares of Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 64 shares in the last quarter. New York Life Investment Management LLC increased its stake in shares of Broadridge Financial Solutions by 1.6% in the 2nd quarter. New York Life Investment Management LLC now owns 17,597 shares of the business services provider’s stock valued at $4,277,000 after acquiring an additional 280 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Broadridge Financial Solutions by 31.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,142 shares of the business services provider’s stock valued at $9,270,000 after acquiring an additional 9,200 shares in the last quarter. Finally, Advisory Alpha LLC increased its stake in Broadridge Financial Solutions by 37.1% in the second quarter. Advisory Alpha LLC now owns 1,212 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 328 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

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

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $222.73 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $238.86 and a two-hundred day moving average price of $242.11. The firm has a market capitalization of $26.00 billion, a P/E ratio of 31.41 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data 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 during the quarter. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, DA Davidson restated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $265.67.

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.