Blair William & Co. IL Boosts Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Blair William & Co. IL raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,129 shares of the business services provider's stock after purchasing an additional 3,648 shares during the quarter. Blair William & Co. IL's holdings in Broadridge Financial Solutions were worth $7,942,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in Broadridge Financial Solutions by 24.5% during the third quarter. Thrivent Financial for Lutherans now owns 6,204 shares of the business services provider's stock worth $1,335,000 after purchasing an additional 1,219 shares in the last quarter. Algert Global LLC acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth about $542,000. D.A. Davidson & CO. purchased a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $212,000. FMR LLC boosted its holdings in Broadridge Financial Solutions by 9.7% during the 3rd quarter. FMR LLC now owns 80,194 shares of the business services provider's stock valued at $17,244,000 after acquiring an additional 7,077 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Broadridge Financial Solutions by 3.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,419 shares of the business services provider's stock valued at $950,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $3.41 during mid-day trading on Thursday, hitting $242.84. 170,034 shares of the stock were exchanged, compared to its average volume of 512,252. The stock's fifty day simple moving average is $237.66 and its two-hundred day simple moving average 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, Inc. has a 12-month low of $188.30 and a 12-month high of $249.31. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 38.00 and a beta of 1.05.

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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 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 quarter in the prior year, the firm posted $0.92 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada upped their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $241.00.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brett Keller sold 5,442 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the sale, the director now directly owns 15,536 shares of the company's stock, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions 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.