Venturi Wealth Management LLC Purchases 106 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Venturi Wealth Management LLC grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the business services provider’s stock after purchasing an additional 106 shares during the period. Venturi Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $226,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Broadridge Financial Solutions during the third quarter worth $25,000. Money Concepts Capital Corp boosted its stake in shares of Broadridge Financial Solutions by 400.0% during the 4th quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock worth $26,000 after buying an additional 156 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Headinvest LLC acquired a new stake in shares of Broadridge Financial Solutions in the third quarter valued at about $32,000. Finally, First Command Advisory Services Inc. bought a new stake in Broadridge Financial Solutions during the third quarter worth about $34,000. 90.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Raymond James upped their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $175.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, December 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $203.17.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the sale, the insider now directly owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock worth $9,745,637 in the last ninety days. 1.60% of the stock is owned by company insiders.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $198.59 on Friday. The company has a market cap of $23.39 billion, a P/E ratio of 34.60 and a beta of 0.99. The firm’s fifty day moving average price is $201.50 and its two-hundred day moving average price is $192.76. Broadridge Financial Solutions, Inc. has a one year low of $139.35 and a one year high of $210.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. Broadridge Financial Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.20 annualized dividend and a yield of 1.61%. Broadridge Financial Solutions’s payout ratio is currently 55.75%.

About Broadridge Financial Solutions

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.