Stuart Chaussee & Associates Inc. Makes New $34,000 Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Stuart Chaussee & Associates Inc. bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 163 shares of the business services provider’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI increased its stake in shares of Broadridge Financial Solutions by 3.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,343 shares of the business services provider’s stock worth $482,000 after acquiring an additional 81 shares during the last quarter. Golden State Equity Partners increased its stake in shares of Broadridge Financial Solutions by 30.5% in the 4th quarter. Golden State Equity Partners now owns 2,356 shares of the business services provider’s stock worth $485,000 after acquiring an additional 551 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Broadridge Financial Solutions by 1.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after purchasing an additional 14,005 shares during the last quarter. Bryn Mawr Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 20,063 shares of the business services provider’s stock worth $4,128,000 after purchasing an additional 490 shares during the last quarter. Finally, Cross Staff Investments Inc acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $206,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on BR. DA Davidson reissued a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Raymond James raised their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI reissued an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada raised their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $206.67.

Insider Activity

In other news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the transaction, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the transaction, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Down 0.7 %

NYSE BR traded down $1.41 during trading on Friday, hitting $194.15. The stock had a trading volume of 211,848 shares, compared to its average volume of 369,147. The company has a market capitalization of $22.87 billion, a PE ratio of 33.82 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm has a 50 day moving average price of $200.54 and a 200 day moving average price of $194.55. Broadridge Financial Solutions, Inc. has a twelve month low of $140.06 and a twelve month high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is presently 55.75%.

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.