2 weeks Ago By Defense World Staff
Shares of Broadridge Financial Solutions, Inc. ( NYSE:BR – Get Free Report ) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports.
Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $222.43.
A number of equities research analysts recently weighed in on BR shares. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.
00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th.
JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.
00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $200.00 to $207.
00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th.
View Our Latest Research Report on BR Insiders Place Their Bets Hedge Funds Weigh In On Broadridge Financial Solutions A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in shares of Broadridge Financial Solutions by 43.7% during the third quarter.
Tidal Investments LLC now owns 15,300 shares of the business services provider’s stock valued at $3,290,000 after acquiring an additional 4,654 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Broadridge Financial Solutions during the 3rd quarter worth approximately $3,530,000. World Investment Advisors LLC raised its stake in Broadridge Financial Solutions by 10.
9% during the 3rd quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider’s stock valued at $909,000 after purchasing an additional 416 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 26.
2% in the third quarter. Sanctuary Advisors LLC now owns 18,098 shares of the business services provider’s stock valued at $4,167,000 after purchasing an additional 3,761 shares in the last quarter. Finally, Unigestion Holding SA boosted its position in shares of Broadridge Financial Solutions by 20.
3% in the third quarter. Unigestion Holding SA now owns 5,215 shares of the business services provider’s stock worth $1,121,000 after buying an additional 880 shares during the period. Institutional investors and hedge funds own 90.
03% of the company’s stock. Broadridge Financial Solutions Price Performance BR stock opened at $236.47 on Wednesday.
The stock’s 50 day moving average is $217.92 and its two-hundred day moving average is $209.55.
Broadridge Financial Solutions has a 52-week low of $185.41 and a 52-week high of $236.50.
The company has a market capitalization of $27.64 billion, a PE ratio of 40.91 and a beta of 1.
05. The company has a quick ratio of 1.39, a current ratio of 1.
39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions ( NYSE:BR – Get Free Report ) 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.
48 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share.
The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that Broadridge Financial Solutions will post 8.
53 earnings per share for the current fiscal year. Broadridge Financial Solutions Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.
88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.
52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio is presently 60.
90%. Broadridge Financial Solutions Company Profile ( Get Free Report 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.
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