Sentry Investment Management LLC Sells 66 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Sentry Investment Management LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 617 shares of the business services provider’s stock after selling 66 shares during the period. Sentry Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $127,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Broadridge Financial Solutions by 0.8% during the first quarter. Vanguard Group Inc. now owns 13,714,442 shares of the business services provider’s stock valued at $2,135,476,000 after purchasing an additional 108,223 shares in the last quarter. Morgan Stanley lifted its position in shares of Broadridge Financial Solutions by 41.0% during the fourth quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider’s stock valued at $944,766,000 after buying an additional 2,048,184 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Broadridge Financial Solutions by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,488,037 shares of the business services provider’s stock valued at $511,243,000 after buying an additional 96,566 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 2,519,784 shares of the business services provider’s stock worth $368,593,000 after buying an additional 37,989 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Broadridge Financial Solutions by 85.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider’s stock worth $299,219,000 after acquiring an additional 1,025,907 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $193.40 on Thursday. The stock has a 50-day moving average of $200.96 and a two-hundred day moving average of $193.89. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $22.78 billion, a P/E ratio of 33.69 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a one year low of $139.52 and a one year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last issued its 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. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

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

Analyst Ratings Changes

Several equities research analysts have weighed in on BR shares. Raymond James raised their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. DA Davidson reissued a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Finally, Evercore ISI restated an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.67.

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.