300 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by Kentucky Trust Co

Kentucky Trust Co acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300 shares of the business services provider’s stock, valued at approximately $68,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC increased its holdings in Broadridge Financial Solutions by 1.8% in the fourth quarter. Strengthening Families & Communities LLC now owns 12,767 shares of the business services provider’s stock worth $2,886,000 after buying an additional 226 shares during the last quarter. Savant Capital LLC increased its holdings in Broadridge Financial Solutions by 7.8% in the fourth quarter. Savant Capital LLC now owns 3,555 shares of the business services provider’s stock worth $804,000 after buying an additional 257 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Broadridge Financial Solutions by 9.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 29,837 shares of the business services provider’s stock worth $6,746,000 after buying an additional 2,535 shares during the last quarter. Entropy Technologies LP acquired a new position in Broadridge Financial Solutions in the fourth quarter worth approximately $1,036,000. Finally, Empowered Funds LLC increased its holdings in Broadridge Financial Solutions by 13.3% in the fourth quarter. Empowered Funds LLC now owns 2,797 shares of the business services provider’s stock worth $632,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BR. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson reaffirmed a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $239.17.

Insider Buying and Selling

In related news, Director Brett Keller sold 5,442 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the transaction, the director now directly owns 15,536 shares of the company’s stock, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,666 shares of company stock valued at $5,050,766 over the last ninety days. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Up 0.4 %

BR opened at $242.53 on Thursday. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $243.00. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of 37.95 and a beta of 1.08. The business has a 50 day moving average of $232.26 and a 200-day moving average of $222.18.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.45%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.09%.

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.