Pacer Advisors Inc. Decreases Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Pacer Advisors Inc. lowered its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,526 shares of the business services provider’s stock after selling 10,505 shares during the quarter. Pacer Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $3,962,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BR. Union Bancaire Privee UBP SA bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $2,328,000. Blue Trust Inc. grew its position in Broadridge Financial Solutions by 25.2% during the fourth quarter. Blue Trust Inc. now owns 2,188 shares of the business services provider’s stock valued at $471,000 after buying an additional 441 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Broadridge Financial Solutions by 6.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,980 shares of the business services provider’s stock valued at $448,000 after buying an additional 113 shares during the last quarter. KFG Wealth Management LLC raised its position in Broadridge Financial Solutions by 17.6% in the fourth quarter. KFG Wealth Management LLC now owns 1,402 shares of the business services provider’s stock worth $317,000 after acquiring an additional 210 shares during the period. Finally, Running Oak Capital LLC boosted its stake in shares of Broadridge Financial Solutions by 5.7% during the 4th quarter. Running Oak Capital LLC now owns 64,290 shares of the business services provider’s stock worth $14,535,000 after acquiring an additional 3,457 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares in the company, valued at approximately $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock worth $12,264,846 in the last ninety days. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on BR shares. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley raised their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. UBS Group began coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 price target on the stock. Finally, Royal Bank of Canada reissued 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $226.71.

Broadridge Financial Solutions Stock Up 1.5 %

Shares of BR opened at $239.12 on Friday. The business has a fifty day moving average of $231.10 and a 200 day moving average of $219.96. The company has a market cap of $27.95 billion, a PE ratio of 41.37 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $241.45.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Broadridge Financial Solutions Company 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.