Achmea Investment Management B.V. Trims Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Achmea Investment Management B.V. cut its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 83.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,254 shares of the business services provider's stock after selling 25,906 shares during the period. Achmea Investment Management B.V.'s holdings in Broadridge Financial Solutions were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in shares of Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after buying an additional 142 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of Broadridge Financial Solutions by 246.7% during 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. FSA Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $39,000. Global X Japan Co. Ltd. purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at $41,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at $45,000. Institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on BR shares. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. 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 lifted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $239.17.

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Broadridge Financial Solutions Stock Up 1.8 %

Shares of NYSE:BR traded up $4.17 during trading on Wednesday, hitting $235.40. The stock had a trading volume of 518,734 shares, compared to its average volume of 472,434. The company has a market capitalization of $27.55 billion, a PE ratio of 36.84 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The firm's fifty day moving average is $235.61 and its 200 day moving average is $226.37. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data 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 period in the prior year, the business earned $0.92 earnings per share. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio is 55.09%.

Insider Activity

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 15,536 shares of the company's stock, valued at approximately $3,734,854.40. The trade was a 25.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laura Matlin sold 514 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were 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 in the company, valued at $1,595,043.20. This represents a 7.22 % 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 worth $29,397,793. 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.