Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) hit a new 52-week high on Wednesday . The stock traded as high as $95.04 and last traded at $94.07, with a volume of 375900 shares traded. The stock had previously closed at $94.04.

Several analysts recently weighed in on BR shares. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays upped their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. DA Davidson restated a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Zacks Investment Research downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Six research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $90.50.

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $11,080.00, a price-to-earnings ratio of 33.26, a PEG ratio of 2.53 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were issued a $0.365 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.53%. Broadridge Financial Solutions’s payout ratio is presently 51.05%.

In other news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the sale, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total value of $677,544.05. Following the completion of the sale, the director now directly owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of BR. CIBC World Markets Inc. increased its stake in shares of Broadridge Financial Solutions by 16.6% in the second quarter. CIBC World Markets Inc. now owns 4,315 shares of the business services provider’s stock valued at $326,000 after buying an additional 614 shares during the period. Eaton Vance Management increased its stake in shares of Broadridge Financial Solutions by 1.9% in the second quarter. Eaton Vance Management now owns 19,086 shares of the business services provider’s stock valued at $1,442,000 after buying an additional 363 shares during the period. AXA acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $982,000. TIAA CREF Investment Management LLC increased its stake in shares of Broadridge Financial Solutions by 33.4% in the second quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock valued at $38,458,000 after buying an additional 127,434 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Broadridge Financial Solutions by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 356,538 shares of the business services provider’s stock valued at $26,958,000 after purchasing an additional 9,248 shares in the last quarter. 83.50% of the stock is owned by institutional investors.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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