Aviva PLC Sells 2,098 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Aviva PLC trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,095 shares of the business services provider's stock after selling 2,098 shares during the period. Aviva PLC owned about 0.10% of Broadridge Financial Solutions worth $25,796,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BR. Fortitude Family Office LLC raised its position in Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after purchasing an additional 111 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $41,000. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $45,000. Salem Investment Counselors Inc. raised its holdings in shares of Broadridge Financial Solutions by 200.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock valued at $51,000 after acquiring an additional 150 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in Broadridge Financial Solutions in the fourth quarter worth $52,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BR shares. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. DA Davidson restated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of "Hold" and a consensus target price of $241.00.

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Broadridge Financial Solutions Stock Up 0.3 %

NYSE:BR traded up $0.76 during mid-day trading on Friday, hitting $229.14. 152,141 shares of the company's stock were exchanged, compared to its average volume of 519,736. The company has a market cap of $26.81 billion, a PE ratio of 35.76 and a beta of 1.06. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $247.01. The business has a fifty day moving average price of $235.79 and a 200 day moving average price of $229.14.

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 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the company posted $0.92 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at $39,973,188.84. This trade represents a 36.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Laura Matlin sold 514 shares of the firm's stock in a transaction dated 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 directly 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 a total of 124,754 shares of company stock worth $29,397,793 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Company Profile

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.