Lyons Wealth Management LLC. bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,097 shares of the business services provider’s stock, valued at approximately $825,000. Broadridge Financial Solutions makes up approximately 1.3% of Lyons Wealth Management LLC.’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,908.1% in the fourth quarter. Catalyst Capital Advisors LLC now owns 36,548 shares of the business services provider’s stock valued at $3,310,000 after purchasing an additional 35,333 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 26.8% in the fourth quarter. Penserra Capital Management LLC now owns 4,338 shares of the business services provider’s stock valued at $392,000 after purchasing an additional 916 shares in the last quarter. Krueger & Catalano Capital Partners LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $2,010,000. Ffcm LLC lifted its holdings in shares of Broadridge Financial Solutions by 19.1% in the fourth quarter. Ffcm LLC now owns 6,696 shares of the business services provider’s stock valued at $607,000 after purchasing an additional 1,072 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Broadridge Financial Solutions by 138.2% in the fourth quarter. KBC Group NV now owns 138,842 shares of the business services provider’s stock valued at $12,576,000 after purchasing an additional 80,548 shares in the last quarter. Institutional investors own 83.50% of the company’s stock.

A number of equities analysts have recently weighed in on BR shares. Barclays upped their price target on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Sandler O’Neill set a $95.00 price target on shares of Broadridge Financial Solutions and gave the stock a “hold” rating in a research note on Thursday, February 8th. Finally, ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $97.25.

In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the transaction, the insider now directly owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Broadridge Financial Solutions, Inc. (BR) opened at $93.88 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. The company has a market cap of $10,754.35, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a 1 year low of $66.49 and a 1 year high of $97.54.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is 46.50%.

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About Broadridge Financial Solutions

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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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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