Broadridge Financial Solutions, Inc. (NYSE:BR) Stake Lessened by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,501 shares of the business services provider's stock after selling 7,589 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.17% of Broadridge Financial Solutions worth $45,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC grew its holdings in shares of Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after purchasing an additional 142 shares during the period. Fortitude Family Office LLC raised its position in Broadridge Financial Solutions by 246.7% in the fourth 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 period. FSA Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth $39,000. Global X Japan Co. Ltd. purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $41,000. Finally, Curio Wealth LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at $45,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Laura Matlin sold 514 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the transaction, the vice president now directly owns 6,602 shares of the company's stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction dated 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 sale, the chief executive officer now owns 169,788 shares of the company's stock, valued at approximately $39,973,188.84. This represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,754 shares of company stock worth $29,397,793 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

BR has been the topic of a number of recent research reports. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada boosted their price target 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. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday. UBS Group boosted their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased 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 note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $241.00.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $6.45 during trading on Thursday, reaching $239.80. The company's stock had a trading volume of 824,848 shares, compared to its average volume of 514,741. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $249.31. The firm has a market cap of $28.06 billion, a price-to-earnings ratio of 37.53 and a beta of 1.06. The business's fifty day moving average price is $237.66 and its 200-day moving average price is $228.36. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

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, beating 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 last year, the firm posted $0.92 EPS. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.09%.

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.