Private Trust Co. NA Has $337,000 Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Private Trust Co. NA lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,568 shares of the business services provider’s stock after selling 189 shares during the quarter. Private Trust Co. NA’s holdings in Broadridge Financial Solutions were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lazard Asset Management LLC boosted its stake in Broadridge Financial Solutions by 157.0% in the first quarter. Lazard Asset Management LLC now owns 275 shares of the business services provider’s stock valued at $56,000 after buying an additional 168 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Broadridge Financial Solutions by 44.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,777 shares of the business services provider’s stock worth $979,000 after acquiring an additional 1,469 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Broadridge Financial Solutions by 1.4% in the 1st quarter. California State Teachers Retirement System now owns 196,655 shares of the business services provider’s stock valued at $40,287,000 after purchasing an additional 2,698 shares in the last quarter. Tidal Investments LLC increased its position in Broadridge Financial Solutions by 99.6% during the 1st quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock worth $3,627,000 after purchasing an additional 8,837 shares in the last quarter. Finally, Comerica Bank lifted its stake in Broadridge Financial Solutions by 5.0% in the 1st quarter. Comerica Bank now owns 45,797 shares of the business services provider’s stock valued at $9,382,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, Chairman Richard J. Daly sold 21,938 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the transaction, the chairman now owns 105,094 shares in the company, valued at $21,823,820.04. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,294 shares of company stock valued at $16,944,095 in the last ninety days. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $235.80 on Thursday. The stock’s 50 day moving average is $218.43 and its 200 day moving average is $209.84. Broadridge Financial Solutions, Inc. has a one year low of $186.19 and a one year high of $237.74. The firm has a market cap of $27.56 billion, a P/E ratio of 40.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on BR shares. UBS Group initiated coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price on the stock. 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. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $222.43.

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.