B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 208,090 shares of the business services provider's stock, valued at approximately $44,746,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.18% of Broadridge Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BR. Tidal Investments LLC raised its stake in Broadridge Financial Solutions by 99.6% in the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider's stock valued at $3,627,000 after purchasing an additional 8,837 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Broadridge Financial Solutions by 5.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider's stock worth $11,329,000 after acquiring an additional 2,685 shares in the last quarter. Atria Investments Inc lifted its stake in Broadridge Financial Solutions by 9.7% during the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider's stock worth $6,373,000 after purchasing an additional 2,610 shares during the last quarter. BDF Gestion purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth about $3,954,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Broadridge Financial Solutions by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,168,197 shares of the business services provider's stock valued at $853,898,000 after purchasing an additional 28,180 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 1.0 %

NYSE:BR traded down $2.24 during mid-day trading on Tuesday, reaching $224.84. 382,859 shares of the company's stock traded hands, compared to its average volume of 519,390. The company has a 50 day moving average price of $216.28 and a 200-day moving average price of $208.45. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 38.90 and a beta of 1.05. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a 12-month low of $182.57 and a 12-month high of $230.00.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio is currently 60.90%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares in the company, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now owns 12,689 shares of the company's stock, valued at approximately $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,534 shares of company stock valued at $24,748,962 over the last three months. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on BR shares. Royal Bank of Canada reiterated an "outperform" rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, Morgan Stanley boosted their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.