--- title: "Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Sanctuary Advisors LLC" description: "Sanctuary Advisors LLC increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.2% in Q3, now owning 18,098 shares valued at $1,167,000. Other institutional investors also adjusted " type: "news" locale: "en" url: "https://longbridge.com/en/news/222536353.md" published_at: "2024-12-17T09:37:55.000Z" --- # Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Sanctuary Advisors LLC > Sanctuary Advisors LLC increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.2% in Q3, now owning 18,098 shares valued at $1,167,000. Other institutional investors also adjusted their positions, with Bogart Wealth LLC raising its stake by 384%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average target price of $150.71. Recent insider sales included 24,185 shares by Douglas Richard Deschutter and 10,757 shares by VP Thomas P. Carey. Broadridge's stock is currently down 0.7%. Sanctuary Advisors LLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 26.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,098 shares of the business services provider's stock after purchasing an additional 3,761 shares during the quarter. Sanctuary Advisors LLC's holdings in Broadridge Financial Solutions were worth $4,167,000 as of its most recent SEC filing. - Stock Buybacks Outperform Dividends: Here’s the Key Advantage Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC lifted its position in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock worth $26,000 after purchasing an additional 96 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $32,000. Rothschild Investment LLC acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $32,000. True Wealth Design LLC increased its holdings in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 90.03% of the company's stock. ## Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on BR. UBS Group assumed coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price target for the company. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Morgan Stanley increased their target price on shares of 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. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of "Hold" and an average target price of $226.71. - Trump Tax Reforms: 7 Stocks That Could Benefit in 2025 **Check Out Our Latest Stock Report on BR** ## Insider Transactions at Broadridge Financial Solutions In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares of the company's stock, valued at $2,878,118.98. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock worth $12,264,846 over the last 90 days. 1.30% of the stock is currently owned by insiders. ## Broadridge Financial Solutions Stock Down 0.7 % - Berkshire Buys POOL Stock: Is It Time to Take the Plunge? BR stock opened at $231.92 on Tuesday. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 40.12 and a beta of 1.07. The company has a fifty day moving average price of $224.77 and a 200 day moving average price of $213.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96. Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating 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 analysts' expectations of $1.48 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year. ## Broadridge Financial Solutions Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions's payout ratio is currently 60.90%. ## About Broadridge Financial Solutions (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. ## Featured Stories - Five stocks we like better than Broadridge Financial Solutions - What is the S&P/TSX Index? - Semtech Stock Climbs as AI Boom Drives Turnaround Success - Upcoming IPO Stock Lockup Period, Explained - 3 Companies Leading the Way With Aggressive Stock Buybacks - How to Capture the Benefits of Dividend Increases - Is It Time to Buy Nuclear Energy Stocks After the Latest Dip? **Want to see what other hedge funds are holding BR?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Forced out of retirement by these trades (From DTI) (Ad)## Should you invest $1,000 in Broadridge Financial Solutions right now? Before you consider Broadridge Financial Solutions, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadridge Financial Solutions wasn't on the list. While Broadridge Financial Solutions currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. 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