Whittier Trust Co. of Nevada Inc. Has $134,000 Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) by 93.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621 shares of the business services provider’s stock after buying an additional 300 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Broadridge Financial Solutions were worth $134,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. New England Research & Management Inc. acquired a new stake in Broadridge Financial Solutions during the first quarter worth $1,465,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Broadridge Financial Solutions by 108.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock valued at $17,192,000 after purchasing an additional 43,710 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Broadridge Financial Solutions by 99.6% in the 1st quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock valued at $3,627,000 after purchasing an additional 8,837 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Broadridge Financial Solutions by 72.7% in the 1st quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider’s stock valued at $1,436,000 after purchasing an additional 2,950 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Broadridge Financial Solutions by 5.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock valued at $11,329,000 after purchasing an additional 2,685 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.2 %

Shares of NYSE BR opened at $216.36 on Thursday. The firm’s 50-day simple moving average is $213.06 and its 200 day simple moving average is $205.51. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 36.92 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $224.32.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 EPS. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.88 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, September 12th. Broadridge Financial Solutions’s payout ratio is currently 60.07%.

Analyst Ratings Changes

BR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and an average target price of $213.33.

Get Our Latest Report on Broadridge Financial Solutions

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 162 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the completion of the sale, the president now directly owns 67,267 shares of the company’s stock, valued at approximately $14,126,070. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the sale, the chief executive officer now directly owns 200,675 shares of the company’s stock, valued at $41,963,149.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Christopher John Perry sold 162 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the completion of the sale, the president now directly owns 67,267 shares of the company’s stock, valued at approximately $14,126,070. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,386 shares of company stock valued at $28,112,824. 1.60% of the stock is currently owned by insiders.

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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