Ledyard National Bank Makes New $244,000 Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Ledyard National Bank purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,188 shares of the business services provider’s stock, valued at approximately $244,000.

Other large investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $25,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $34,000. Headinvest LLC bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $32,000. BKM Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at about $37,000. Finally, First Command Advisory Services Inc. acquired a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock valued at $9,745,637 over the last quarter. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Broadridge Financial Solutions Trading Down 0.9 %

Broadridge Financial Solutions stock traded down $1.79 during midday trading on Tuesday, hitting $194.50. 66,045 shares of the stock were exchanged, compared to its average volume of 493,139. The company has a fifty day simple moving average of $200.51 and a two-hundred day simple moving average of $194.83. Broadridge Financial Solutions, Inc. has a 52 week low of $143.95 and a 52 week high of $210.24. The stock has a market capitalization of $22.91 billion, a PE ratio of 34.20 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.

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

Broadridge Financial Solutions Announces Dividend

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