Dorsey & Whitney Trust CO LLC Purchases 116 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Dorsey & Whitney Trust CO LLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,882 shares of the business services provider’s stock after acquiring an additional 116 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Broadridge Financial Solutions were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of Broadridge Financial Solutions by 123.0% during the fourth quarter. Larson Financial Group LLC now owns 272 shares of the business services provider’s stock worth $61,000 after acquiring an additional 150 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Broadridge Financial Solutions by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 51,205 shares of the business services provider’s stock worth $11,577,000 after acquiring an additional 1,257 shares during the period. EFG Asset Management Americas Corp. boosted its holdings in shares of Broadridge Financial Solutions by 2.4% during the fourth quarter. EFG Asset Management Americas Corp. now owns 7,031 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 164 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $1,519,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Broadridge Financial Solutions by 26.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,920 shares of the business services provider’s stock worth $890,000 after acquiring an additional 829 shares during the period. Institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BR shares. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $239.17.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Brett Keller sold 5,442 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now directly owns 15,536 shares in the company, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 514 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares of the company’s stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,441 shares of company stock worth $1,547,835. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.5 %

Shares of BR opened at $241.30 on Monday. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $246.58. The company has a market cap of $28.24 billion, a P/E ratio of 37.76 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $235.35 and a two-hundred day simple moving average of $225.50.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the prior year, the company earned $0.92 earnings per share. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

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.