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

Atria Wealth Solutions Inc. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,259 shares of the business services provider's stock after selling 1,264 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Broadridge Financial Solutions were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Broadridge Financial Solutions by 1.0% in the third quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock worth $1,118,644,000 after purchasing an additional 51,439 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Broadridge Financial Solutions by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,999,874 shares of the business services provider's stock worth $643,018,000 after acquiring an additional 15,208 shares during the period. Stifel Financial Corp raised its holdings in shares of 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Broadridge Financial Solutions by 2.3% in the third 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 last quarter. Finally, Swiss National Bank raised its stake in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Swiss National Bank now owns 350,800 shares of the business services provider's stock valued at $75,433,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on BR shares. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. UBS Group upped their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $239.17.

Broadridge Financial Solutions Stock Up 0.2 %

NYSE:BR traded up $0.40 during mid-day trading on Tuesday, reaching $245.23. The company's stock had a trading volume of 333,699 shares, compared to its average volume of 464,726. The firm has a market capitalization of $28.70 billion, a PE ratio of 38.37 and a beta of 1.08. The stock has a fifty day moving average of $234.25 and a 200-day moving average of $224.62. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $246.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.92 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Insider Activity at Broadridge Financial Solutions

In other news, Director Brett Keller sold 5,442 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company's stock, valued at approximately $3,734,854.40. The trade was a 25.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the transaction, the director now directly owns 4,960 shares in the company, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,441 shares of company stock valued at $1,547,835. 1.30% of the stock is 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.