Generali Asset Management SPA SGR Purchases Shares of 14,350 Broadridge Financial Solutions, Inc. (NYSE:BR)

Generali Asset Management SPA SGR bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,350 shares of the business services provider's stock, valued at approximately $3,244,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its position in Broadridge Financial Solutions by 1.0% in the 3rd quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock worth $1,118,644,000 after buying an additional 51,439 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,999,874 shares of the business services provider's stock valued at $643,018,000 after purchasing an additional 15,208 shares during the last quarter. Stifel Financial Corp lifted its position in Broadridge Financial Solutions by 0.4% during the third quarter. Stifel Financial Corp now owns 1,594,415 shares of the business services provider's stock valued at $342,856,000 after purchasing an additional 5,813 shares during the period. Bahl & Gaynor Inc. boosted its holdings in Broadridge Financial Solutions by 2.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,129,824 shares of the business services provider's stock worth $255,442,000 after purchasing an additional 29,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Broadridge Financial Solutions by 2.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 904,919 shares of the business services provider's stock worth $194,585,000 after purchasing an additional 20,775 shares during the period. Institutional investors own 90.03% of the company's stock.

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Insider Activity

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. This represents a 36.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the sale, the vice president now owns 6,602 shares in the company, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock worth $29,397,793 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BR shares. DA Davidson reissued a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Finally, UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and a consensus price target of $239.17.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded up $2.83 during trading on Monday, hitting $235.73. The company had a trading volume of 472,830 shares, compared to its average volume of 475,795. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $27.59 billion, a P/E ratio of 36.89 and a beta of 1.05. The stock has a 50 day simple moving average of $236.05 and a 200 day simple moving average of $226.84.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

About Broadridge Financial Solutions

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.