Johnson Investment Counsel Inc. boosted its stake in Broadridge Financial Solutions Inc. (NYSE:BR) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 10,467 shares of the company’s stock after buying an additional 567 shares during the period. Johnson Investment Counsel Inc.’s holdings in Broadridge Financial Solutions were worth $709,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Financial Architects Inc raised its stake in shares of Broadridge Financial Solutions by 0.7% in the second quarter. Financial Architects Inc now owns 3,148 shares of the company’s stock worth $205,000 after buying an additional 21 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Broadridge Financial Solutions by 1.2% in the third quarter. Integrated Investment Consultants LLC now owns 2,150 shares of the company’s stock worth $140,000 after buying an additional 25 shares in the last quarter. Burney Co. raised its stake in shares of Broadridge Financial Solutions by 0.3% in the second quarter. Burney Co. now owns 14,342 shares of the company’s stock worth $935,000 after buying an additional 38 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in shares of Broadridge Financial Solutions by 2.4% in the third quarter. Stanley Laman Group Ltd. now owns 3,172 shares of the company’s stock worth $215,000 after buying an additional 73 shares in the last quarter. Finally, Integrated Wealth Management raised its stake in shares of Broadridge Financial Solutions by 3.9% in the third quarter. Integrated Wealth Management now owns 2,666 shares of the company’s stock worth $181,000 after buying an additional 100 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Broadridge Financial Solutions Inc. (NYSE:BR) traded down 0.56% on Thursday, hitting $65.74. 238,499 shares of the stock traded hands. Broadridge Financial Solutions Inc. has a 1-year low of $49.77 and a 1-year high of $71.74. The stock has a 50 day moving average of $65.69 and a 200-day moving average of $66.61. The stock has a market cap of $7.83 billion, a PE ratio of 25.98 and a beta of 1.08.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. The company earned $895 million during the quarter, compared to analyst estimates of $880.41 million. Broadridge Financial Solutions had a net margin of 9.62% and a return on equity of 34.10%. The firm’s revenue for the quarter was up 50.4% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, equities research analysts expect that Broadridge Financial Solutions Inc. will post $3.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 52.17%.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Sandler O’Neill lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 target price on the stock. in a research note on Thursday, September 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $72.60.
In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 8,180 shares of the business’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $65.30, for a total transaction of $534,154.00. Following the completion of the transaction, the director now owns 38,953 shares of the company’s stock, valued at $2,543,630.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan J. Weber sold 3,770 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $66.32, for a total value of $250,026.40. Following the transaction, the director now directly owns 32,668 shares of the company’s stock, valued at approximately $2,166,541.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,045 shares of company stock valued at $1,811,648. 3.50% of the stock is owned by insiders.
About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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