Broadridge Financial Solutions, Inc. (BR) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 117,508 shares of the business services provider’s stock after selling 2,460 shares during the period. Motley Fool Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $7,985,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. HBK Investments L P bought a new stake in Broadridge Financial Solutions during the third quarter valued at approximately $698,000. UBS Group AG boosted its stake in Broadridge Financial Solutions by 62.2% in the third quarter. UBS Group AG now owns 76,433 shares of the business services provider’s stock valued at $5,181,000 after buying an additional 29,313 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Broadridge Financial Solutions during the third quarter valued at approximately $13,981,000. Ontario Teachers Pension Plan Board boosted its stake in Broadridge Financial Solutions by 31.1% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,817 shares of the business services provider’s stock valued at $598,000 after buying an additional 2,093 shares in the last quarter. Finally, Gerstein Fisher boosted its stake in Broadridge Financial Solutions by 5.3% in the third quarter. Gerstein Fisher now owns 4,146 shares of the business services provider’s stock valued at $281,000 after buying an additional 209 shares in the last quarter. 83.30% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) traded up 0.41% during midday trading on Wednesday, reaching $76.16. 63,478 shares of the company’s stock traded hands. The stock has a 50 day moving average of $71.86 and a 200-day moving average of $68.34. Broadridge Financial Solutions, Inc. has a 12 month low of $59.86 and a 12 month high of $78.00. The stock has a market cap of $8.95 billion, a P/E ratio of 29.83 and a beta of 1.07.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. Broadridge Financial Solutions had a net margin of 8.62% and a return on equity of 33.76%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.65 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 46.4% compared to the same quarter last year. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post $3.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, June 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 53.88%.

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Separately, Zacks Investment Research cut shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average target price of $72.60.

In other Broadridge Financial Solutions news, VP Laura Matlin sold 630 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $71.89, for a total value of $45,290.70. Following the transaction, the vice president now directly owns 5,271 shares of the company’s stock, valued at $378,932.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schifellite sold 76,666 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the completion of the transaction, the insider now directly owns 105,042 shares in the company, valued at $7,981,091.16. The disclosure for this sale can be found here. Insiders sold 323,032 shares of company stock worth $24,016,648 over the last ninety days. Insiders own 3.50% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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