Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Lifted by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5,250.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 963 shares of the business services provider’s stock after buying an additional 945 shares during the period. Raleigh Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mutual Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 11.8% during the fourth quarter. Mutual Advisors LLC now owns 1,940 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 204 shares during the period. Park Place Capital Corp grew its position in Broadridge Financial Solutions by 31.3% in the 4th quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider’s stock valued at $1,318,000 after buying an additional 1,391 shares in the last quarter. Albion Financial Group UT increased its stake in Broadridge Financial Solutions by 2.8% during the 4th quarter. Albion Financial Group UT now owns 2,882 shares of the business services provider’s stock valued at $652,000 after buying an additional 78 shares during the period. MCF Advisors LLC raised its position in shares of Broadridge Financial Solutions by 5.9% during the 4th quarter. MCF Advisors LLC now owns 1,220 shares of the business services provider’s stock worth $276,000 after buying an additional 68 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Broadridge Financial Solutions by 39.7% in the 4th quarter. Atomi Financial Group Inc. now owns 4,104 shares of the business services provider’s stock worth $928,000 after acquiring an additional 1,166 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,532 shares of company stock worth $12,264,846. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.8 %

Shares of Broadridge Financial Solutions stock opened at $236.77 on Friday. The company has a market cap of $27.68 billion, a price-to-earnings ratio of 40.96 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $237.96. The company’s fifty day simple moving average is $229.95 and its 200-day simple moving average is $218.71. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions’s payout ratio is presently 60.90%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group began coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price on the stock. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $226.71.

About Broadridge Financial Solutions

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.