Everpar Advisors LLC Invests $673,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Everpar Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,271 shares of the business services provider’s stock, valued at approximately $673,000.

Other institutional investors also recently bought and sold shares of the company. Jensen Investment Management Inc. boosted its holdings in Broadridge Financial Solutions by 2.4% in the third quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock valued at $326,827,000 after acquiring an additional 43,235 shares during the last quarter. Stifel Financial Corp lifted its position in Broadridge Financial Solutions by 1,700.7% during the third quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock valued at $276,194,000 after buying an additional 1,456,847 shares in the last quarter. Northern Trust Corp grew its stake in Broadridge Financial Solutions by 5.6% during the third quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock worth $236,879,000 after buying an additional 70,258 shares during the period. Bahl & Gaynor Inc. increased its position in shares of Broadridge Financial Solutions by 1.3% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after acquiring an additional 14,005 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Broadridge Financial Solutions by 0.5% in the 4th quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider’s stock valued at $150,855,000 after acquiring an additional 3,840 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Up 0.3 %

BR stock traded up $0.68 during mid-day trading on Tuesday, hitting $201.36. 466,018 shares of the company were exchanged, compared to its average volume of 492,895. The company has a market capitalization of $23.71 billion, a PE ratio of 35.08 and a beta of 0.98. The firm has a fifty day simple moving average of $200.29 and a 200 day simple moving average of $195.66. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a twelve month low of $144.54 and a twelve month high of $210.24.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 55.75%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore ISI restated an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Raymond James lifted their price objective 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 raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of Broadridge Financial Solutions stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the transaction, the insider now owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the transaction, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the sale, the director now directly owns 5,445 shares in the company, valued at approximately $1,097,603.10. The disclosure for this sale can be found here. Insiders have sold a total of 25,761 shares of company stock valued at $5,223,959 in the last quarter. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Profile

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.