Security National Bank Has $3.92 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Security National Bank trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,519 shares of the business services provider’s stock after selling 296 shares during the quarter. Security National Bank’s holdings in Broadridge Financial Solutions were worth $3,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its holdings in Broadridge Financial Solutions by 0.3% in the 2nd quarter. State Street Corp now owns 4,846,335 shares of the business services provider’s stock valued at $785,564,000 after buying an additional 16,629 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Broadridge Financial Solutions by 2.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,811,623 shares of the business services provider’s stock worth $777,221,000 after purchasing an additional 112,745 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Broadridge Financial Solutions by 2.1% during the 2nd quarter. Baillie Gifford & Co. now owns 4,116,334 shares of the business services provider’s stock worth $664,911,000 after purchasing an additional 83,050 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Broadridge Financial Solutions by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,069,152 shares of the business services provider’s stock worth $333,336,000 after purchasing an additional 44,947 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Broadridge Financial Solutions by 11,926.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,200,831 shares of the business services provider’s stock worth $193,970,000 after purchasing an additional 1,190,846 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Vijay Mayadas sold 1,093 shares of the firm’s stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $169.42, for a total transaction of $185,176.06. Following the completion of the transaction, the vice president now directly owns 25,023 shares in the company, valued at $4,239,396.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 902 shares of the firm’s stock in a transaction dated Friday, October 15th. The stock was sold at an average price of $180.01, for a total value of $162,369.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,692 shares of company stock valued at $35,911,477. 1.90% of the stock is owned by corporate insiders.

Shares of BR stock traded up $0.07 on Thursday, hitting $173.13. 722,522 shares of the company’s stock were exchanged, compared to its average volume of 510,744. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.25. Broadridge Financial Solutions, Inc. has a 12 month low of $137.91 and a 12 month high of $185.00. The stock has a market cap of $20.18 billion, a P/E ratio of 37.23 and a beta of 0.85. The company has a 50 day moving average of $173.33 and a 200 day moving average of $168.98.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 2nd. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Broadridge Financial Solutions had a return on equity of 41.21% and a net margin of 10.62%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned $0.98 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 6.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 5th. Investors of record on Wednesday, December 15th will be given a dividend of $0.64 per share. The ex-dividend date is Tuesday, December 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.05%.

Several research firms have recently issued reports on BR. DA Davidson increased their target price on Broadridge Financial Solutions from $152.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, August 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $181.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, August 17th. Finally, Raymond James increased their target price on Broadridge Financial Solutions from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $179.60.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

Further Reading: Quick Ratio

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

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