Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $213.33.
BR has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. DA Davidson reissued a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th.
Read Our Latest Report on BR
Shares of NYSE:BR opened at $215.18 on Tuesday. Broadridge Financial Solutions has a 12 month low of $166.73 and a 12 month high of $223.81. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of 36.72 and a beta of 1.05. The stock's 50 day moving average price is $211.75 and its 200 day moving average price is $204.15. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the company posted $3.21 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Broadridge Financial Solutions will post 8.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, September 12th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.80. Broadridge Financial Solutions's dividend payout ratio (DPR) is 60.07%.
In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares of the company's stock, valued at $1,194,480. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Christopher John Perry sold 162 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares in the company, valued at approximately $14,126,070. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,386 shares of company stock worth $28,112,824 over the last quarter. Corporate insiders own 1.60% of the company's stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BR. New England Research & Management Inc. purchased a new stake in Broadridge Financial Solutions in the 1st quarter worth approximately $1,465,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Broadridge Financial Solutions by 108.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider's stock worth $17,192,000 after buying an additional 43,710 shares during the last quarter. Tidal Investments LLC increased its stake in Broadridge Financial Solutions by 99.6% in the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider's stock worth $3,627,000 after purchasing an additional 8,837 shares during the period. Vanguard Group Inc. increased its stake in Broadridge Financial Solutions by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider's stock worth $2,870,556,000 after purchasing an additional 110,886 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Broadridge Financial Solutions by 72.7% in the first quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider's stock worth $1,436,000 after purchasing an additional 2,950 shares during the period. Institutional investors own 90.03% of the company's stock.
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.
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