Laura Matlin Sells 3,875 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin sold 3,875 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $118.99, for a total value of $461,086.25. Following the completion of the transaction, the vice president now owns 5,988 shares in the company, valued at approximately $712,512.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BR stock traded up $2.19 during midday trading on Tuesday, reaching $119.49. 37,292 shares of the company’s stock traded hands, compared to its average volume of 923,893. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.62. Broadridge Financial Solutions, Inc. has a 52 week low of $91.34 and a 52 week high of $138.24. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.52 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a yield of 1.62%. Broadridge Financial Solutions’s payout ratio is 46.30%.

BR has been the topic of several research analyst reports. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Friday. SunTrust Banks upped their price objective on Broadridge Financial Solutions to $130.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, DA Davidson boosted their target price on shares of Broadridge Financial Solutions to $128.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $124.50.

Hedge funds have recently modified their holdings of the business. Whittier Trust Co. increased its holdings in shares of Broadridge Financial Solutions by 117.3% in the fourth quarter. Whittier Trust Co. now owns 289 shares of the business services provider’s stock worth $28,000 after purchasing an additional 156 shares during the period. Roble Belko & Company Inc bought a new position in shares of Broadridge Financial Solutions in the first quarter worth $30,000. Pinnacle Bank bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $34,000. 1832 Asset Management L.P. bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $39,000. Finally, Capital Financial Planning LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $39,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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