Aptus Capital Advisors LLC Has $17.89 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Aptus Capital Advisors LLC boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 67.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,196 shares of the business services provider's stock after acquiring an additional 33,636 shares during the quarter. Aptus Capital Advisors LLC owned 0.07% of Broadridge Financial Solutions worth $17,890,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in 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 acquiring an additional 43,710 shares during the last quarter. Tidal Investments LLC grew its holdings 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 worth $3,627,000 after acquiring an additional 8,837 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Broadridge Financial Solutions by 72.7% during the first quarter. QRG Capital Management Inc. now owns 7,009 shares of the business services provider's stock worth $1,436,000 after purchasing an additional 2,950 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Broadridge Financial Solutions by 5.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider's stock worth $11,329,000 after purchasing an additional 2,685 shares during the period. Finally, BDF Gestion acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $3,954,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.3 %

Shares of NYSE:BR traded up $0.61 during trading on Tuesday, reaching $226.82. 500,297 shares of the company traded hands, compared to its average volume of 520,377. The firm has a fifty day simple moving average of $214.56 and a 200 day simple moving average of $207.28. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 1-year low of $176.29 and a 1-year high of $228.75. The firm has a market cap of $26.51 billion, a P/E ratio of 39.14 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 31,539 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the transaction, the president now directly owns 67,215 shares in the company, valued at $13,938,374.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares in the company, valued at $21,823,820.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43. Following the completion of the transaction, the president now owns 67,215 shares of the company's stock, valued at approximately $13,938,374.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,535 shares of company stock worth $36,613,975 over the last 90 days. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $217.83.

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.