Vontobel Holding Ltd. Boosts Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Vontobel Holding Ltd. boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 294.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,452 shares of the business services provider’s stock after purchasing an additional 10,790 shares during the period. Vontobel Holding Ltd.’s holdings in Broadridge Financial Solutions were worth $2,974,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. American Century Companies Inc. boosted its position in shares of Broadridge Financial Solutions by 10.7% in the first quarter. American Century Companies Inc. now owns 8,155 shares of the business services provider’s stock worth $1,270,000 after purchasing an additional 788 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,625 shares of the business services provider’s stock valued at $2,433,000 after buying an additional 992 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Broadridge Financial Solutions by 126.2% in the 1st quarter. Raymond James Trust N.A. now owns 3,384 shares of the business services provider’s stock worth $527,000 after buying an additional 1,888 shares during the period. Canada Pension Plan Investment Board increased its stake in Broadridge Financial Solutions by 1,851.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 527 shares of the business services provider’s stock worth $82,000 after buying an additional 500 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Broadridge Financial Solutions by 13.2% during the first quarter. Allianz Asset Management GmbH now owns 12,722 shares of the business services provider’s stock valued at $1,981,000 after acquiring an additional 1,487 shares during the period. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Evercore ISI restated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Raymond James raised their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,483 shares of company stock worth $9,745,637. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.2 %

Shares of BR stock opened at $192.98 on Friday. The company has a market cap of $22.73 billion, a PE ratio of 33.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $200.84 and its two-hundred day simple moving average is $193.89. Broadridge Financial Solutions, Inc. has a 1 year low of $139.52 and a 1 year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.66%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

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.