Dearborn Partners LLC Has $29.25 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Dearborn Partners LLC decreased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 129,385 shares of the business services provider's stock after selling 2,112 shares during the quarter. Dearborn Partners LLC owned 0.11% of Broadridge Financial Solutions worth $29,253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Independent Advisor Alliance grew its holdings in Broadridge Financial Solutions by 3.5% during the fourth quarter. Independent Advisor Alliance now owns 23,634 shares of the business services provider's stock worth $5,343,000 after acquiring an additional 798 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in Broadridge Financial Solutions by 4.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,882 shares of the business services provider's stock worth $652,000 after acquiring an additional 116 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Broadridge Financial Solutions by 123.0% during the 4th quarter. Larson Financial Group LLC now owns 272 shares of the business services provider's stock valued at $61,000 after buying an additional 150 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 51,205 shares of the business services provider's stock valued at $11,577,000 after buying an additional 1,257 shares during the last quarter. Finally, EFG Asset Management Americas Corp. lifted its holdings in shares of Broadridge Financial Solutions by 2.4% during the 4th quarter. EFG Asset Management Americas Corp. now owns 7,031 shares of the business services provider's stock valued at $1,590,000 after buying an additional 164 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

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Analyst Upgrades and Downgrades

BR has been the subject of several research reports. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. DA Davidson restated a "neutral" rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and an average price target of $239.17.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Brett Keller sold 5,442 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares of the company's stock, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Laura Matlin sold 514 shares of the 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 completion of the transaction, the vice president now directly owns 6,602 shares of the company's stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock worth $29,397,793 over the last ninety days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Up 1.0 %

NYSE BR traded up $2.19 on Friday, reaching $227.76. The company had a trading volume of 297,669 shares, compared to its average volume of 472,901. The stock's 50 day moving average is $235.43 and its 200-day moving average is $225.77. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 35.64 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. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $246.58.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company earned $0.92 earnings per share. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

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 issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

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.