Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 337.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,818 shares of the business services provider's stock after acquiring an additional 17,603 shares during the period. Unigestion Holding SA's holdings in Broadridge Financial Solutions were worth $5,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BR. 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 worth $35,000 after acquiring an additional 111 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $41,000. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $45,000. Salem Investment Counselors Inc. lifted its stake in shares of Broadridge Financial Solutions by 200.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock valued at $51,000 after purchasing an additional 150 shares during the period. Finally, Promus Capital LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $52,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $2.98 during trading on Friday, reaching $231.36. The company had a trading volume of 226,367 shares, compared to its average volume of 520,047. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $247.01. The stock has a 50-day moving average price of $235.79 and a two-hundred day moving average price of $229.14. The stock has a market capitalization of $27.07 billion, a PE ratio of 35.98 and a beta of 1.06.

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Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 business posted $0.92 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.88 per share. 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 1.52%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 55.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted 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. DA Davidson reissued a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $241.00.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 22,357 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the completion of the transaction, the president now owns 52,524 shares of the company's stock, valued at approximately $12,355,220.52. This represents a 29.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction 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 approximately $39,973,188.84. This trade represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,754 shares of company stock valued at $29,397,793. Company insiders own 1.30% of the company's stock.

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.