Alliancebernstein L.P. Has $107.65 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Alliancebernstein L.P. boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 476,129 shares of the business services provider's stock after buying an additional 1,956 shares during the quarter. Alliancebernstein L.P. owned approximately 0.41% of Broadridge Financial Solutions worth $107,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BR. Norges Bank acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $106,904,000. Raymond James Financial Inc. bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $104,466,000. Corient Private Wealth LLC raised its stake in Broadridge Financial Solutions by 882.9% during the fourth quarter. Corient Private Wealth LLC now owns 437,171 shares of the business services provider's stock worth $99,186,000 after acquiring an additional 392,695 shares during the period. Proficio Capital Partners LLC bought a new position in Broadridge Financial Solutions in the fourth quarter worth about $25,773,000. Finally, American Century Companies Inc. boosted its stake in Broadridge Financial Solutions by 51.0% in the fourth quarter. American Century Companies Inc. now owns 252,984 shares of the business services provider's stock valued at $57,197,000 after acquiring an additional 85,463 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped 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 report on Monday, February 3rd. DA Davidson reissued a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $241.00.

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Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded down $5.13 during trading on Monday, hitting $219.91. The stock had a trading volume of 285,570 shares, compared to its average volume of 516,014. The business has a fifty day moving average of $237.48 and a two-hundred day moving average of $228.80. The firm has a market cap of $25.73 billion, a P/E ratio of 34.34 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $247.01. 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 (NYSE:BR - Get Free Report) last released its 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 net margin of 11.36% and a return on equity of 44.40%. During the same period in the prior year, the company posted $0.92 EPS. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now owns 6,602 shares of the company's stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. This represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,754 shares of company stock valued at $29,397,793. 1.30% of the stock is currently owned by corporate 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.