Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Increased by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 39.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,265 shares of the business services provider's stock after purchasing an additional 5,169 shares during the period. Broadridge Financial Solutions comprises 1.7% of Kensington Investment Counsel LLC's investment portfolio, making the stock its 17th biggest position. Kensington Investment Counsel LLC's holdings in Broadridge Financial Solutions were worth $4,130,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in Broadridge Financial Solutions by 130.0% during the 3rd quarter. Assetmark Inc. now owns 667 shares of the business services provider's stock valued at $143,000 after buying an additional 377 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $529,000. Prime Capital Investment Advisors LLC acquired a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $210,000. Victory Capital Management Inc. grew its holdings in Broadridge Financial Solutions by 6.0% during the 3rd quarter. Victory Capital Management Inc. now owns 50,736 shares of the business services provider's stock valued at $10,910,000 after buying an additional 2,871 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Broadridge Financial Solutions by 3.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,847 shares of the business services provider's stock valued at $1,042,000 after buying an additional 180 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Broadridge Financial Solutions

In other 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 sale, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 22,357 shares of Broadridge Financial Solutions stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the sale, the president now directly owns 52,524 shares in the company, valued at approximately $12,355,220.52. The trade was a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock valued at $29,397,793 over the last three months. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of analyst reports. Morgan Stanley increased their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. DA Davidson restated a "neutral" rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $239.17.

Broadridge Financial Solutions Trading Down 0.3 %

Broadridge Financial Solutions stock traded down $0.78 during midday trading on Friday, reaching $233.03. The stock had a trading volume of 1,115,387 shares, compared to its average volume of 475,208. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $246.58. The stock has a market capitalization of $27.27 billion, a PE ratio of 36.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The stock's 50-day simple moving average is $236.05 and its 200 day simple moving average is $226.62.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate 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 earned $0.92 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 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.