US Bancorp DE Acquires 171 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

US Bancorp DE grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,441 shares of the business services provider’s stock after acquiring an additional 171 shares during the quarter. US Bancorp DE’s holdings in Broadridge Financial Solutions were worth $12,536,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BR. Chicago Partners Investment Group LLC bought a new stake in shares of Broadridge Financial Solutions in the third quarter valued at about $216,000. Harbor Capital Advisors Inc. boosted its position in shares of Broadridge Financial Solutions by 56.6% in the third quarter. Harbor Capital Advisors Inc. now owns 9,386 shares of the business services provider’s stock valued at $2,018,000 after acquiring an additional 3,391 shares during the period. Van ECK Associates Corp lifted its position in Broadridge Financial Solutions by 11.0% during the third quarter. Van ECK Associates Corp now owns 20,967 shares of the business services provider’s stock worth $4,536,000 after purchasing an additional 2,079 shares during the period. BSW Wealth Partners lifted its position in Broadridge Financial Solutions by 5.9% during the third quarter. BSW Wealth Partners now owns 1,627 shares of the business services provider’s stock worth $350,000 after purchasing an additional 91 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in Broadridge Financial Solutions by 14.4% during the third quarter. Asset Management One Co. Ltd. now owns 52,361 shares of the business services provider’s stock worth $11,259,000 after purchasing an additional 6,608 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, Director Brett Keller sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the sale, the director now directly owns 15,536 shares in the company, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Laura Matlin sold 514 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,441 shares of company stock valued at $1,547,835 over the last quarter. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BR. UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $239.17.

Broadridge Financial Solutions Stock Up 1.4 %

Shares of NYSE BR opened at $244.62 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 38.28 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The stock has a 50-day moving average price of $234.25 and a two-hundred day moving average price of $224.62.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

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.