Unique Wealth LLC Increases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Unique Wealth LLC boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,008 shares of the business services provider’s stock after purchasing an additional 404 shares during the period. Unique Wealth LLC’s holdings in Broadridge Financial Solutions were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Qsemble Capital Management LP acquired a new position in Broadridge Financial Solutions in the third quarter valued at approximately $1,412,000. Atria Investments Inc lifted its stake in shares of Broadridge Financial Solutions by 9.7% in the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock valued at $6,373,000 after purchasing an additional 2,610 shares during the period. Horizon Kinetics Asset Management LLC purchased a new stake in Broadridge Financial Solutions during the third quarter worth $483,000. Quest Partners LLC acquired a new stake in Broadridge Financial Solutions during the third quarter valued at $2,251,000. Finally, Legacy Capital Wealth Partners LLC increased its holdings in Broadridge Financial Solutions by 82.7% in the third quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider’s stock valued at $1,528,000 after buying an additional 3,216 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $225.25 on Tuesday. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $237.96. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $26.33 billion, a PE ratio of 38.97 and a beta of 1.08. The business has a 50 day simple moving average of $228.78 and a 200-day simple moving average of $217.15.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. Broadridge Financial Solutions’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.56%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.90%.

Analyst Upgrades and Downgrades

BR has been the subject of several recent analyst reports. UBS Group started coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target for the company. Morgan Stanley increased their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, DA Davidson raised their price target on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $226.71.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the completion of the transaction, the vice president now owns 12,146 shares of the company’s stock, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the sale, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock worth $12,264,846 over the last quarter. 1.30% of the stock is currently owned by company insiders.

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.