Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,669 shares of the business services provider’s stock after buying an additional 262 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Broadridge Financial Solutions were worth $961,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BR. Headinvest LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter valued at $32,000. First Command Advisory Services Inc. purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $34,000. Stuart Chaussee & Associates Inc. purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth about $34,000. Manchester Capital Management LLC lifted its stake in Broadridge Financial Solutions by 57.1% in the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after acquiring an additional 60 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the sale, the insider now owns 32,480 shares in the company, valued at approximately $6,648,980.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the transaction, the vice president now owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The disclosure for this sale can be found here. Insiders have sold 28,261 shares of company stock valued at $5,724,959 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BR shares. Evercore ISI reissued an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, May 12th. Raymond James upped their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $206.67.

Get Our Latest Stock Analysis on BR

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $203.96 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 34.81 and a beta of 0.98. The business’s 50-day simple moving average is $199.37 and its 200-day simple moving average is $197.59. Broadridge Financial Solutions, Inc. has a 52 week low of $144.54 and a 52 week high of $210.24.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 54.61%.

Broadridge Financial Solutions Profile

(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.

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

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