Amundi Trims Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Amundi cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 19.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 728,335 shares of the business services provider's stock after selling 174,726 shares during the quarter. Amundi owned 0.62% of Broadridge Financial Solutions worth $167,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. Qsemble Capital Management LP bought a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $1,412,000. Atria Investments Inc grew its holdings in Broadridge Financial Solutions by 9.7% during the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider's stock worth $6,373,000 after acquiring an additional 2,610 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $483,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Broadridge Financial Solutions by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider's stock worth $2,434,000 after acquiring an additional 3,753 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in Broadridge Financial Solutions by 98.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider's stock worth $550,000 after acquiring an additional 1,204 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded up $1.10 during mid-day trading on Thursday, hitting $225.33. 449,518 shares of the company traded hands, compared to its average volume of 473,173. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $246.58. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 35.26 and a beta of 1.05. 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 stock has a fifty day moving average price of $235.46 and a 200-day moving average price of $225.77.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $0.92 earnings per share. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Analyst Ratings Changes

BR has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. DA Davidson restated a "neutral" rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $239.17.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 22,357 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the transaction, the president now owns 52,524 shares in the company, valued at $12,355,220.52. The trade was a 29.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. The trade was a 36.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,754 shares of company stock valued at $29,397,793. 1.30% of the stock is currently owned by company insiders.

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.