Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 44.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,777 shares of the business services provider’s stock after purchasing an additional 1,469 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. LifeSteps Financial Inc. acquired a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $32,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $34,000. Manchester Capital Management LLC boosted its stake in shares of Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock valued at $34,000 after buying an additional 60 shares during the period. McClarren Financial Advisors Inc. boosted its stake in shares of Broadridge Financial Solutions by 73.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 205 shares of the business services provider’s stock valued at $42,000 after buying an additional 87 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Broadridge Financial Solutions by 157.0% in the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $215.03 on Friday. The firm’s 50-day moving average is $201.49 and its 200-day moving average is $200.85. Broadridge Financial Solutions, Inc. has a 52-week low of $164.99 and a 52-week high of $216.86. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $25.41 billion, a price-to-earnings ratio of 36.69 and a beta of 1.04.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.01). Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $2.05 earnings per share. Broadridge Financial Solutions’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 54.61%.

Analyst Ratings Changes

Several research firms recently issued reports on BR. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $239.00 target price on shares of Broadridge Financial Solutions in a report on Friday, June 28th. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.67.

Insider Activity

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.40, for a total value of $501,000.00. Following the transaction, the vice president now directly owns 9,361 shares in the company, valued at $1,875,944.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the transaction, the vice president now directly owns 9,361 shares in the company, valued at $1,875,944.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the transaction, the director now owns 22,588 shares in the company, valued at $4,473,779.28. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Broadridge Financial Solutions Company 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.