First National Advisers LLC Sells 2,403 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

First National Advisers LLC lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,184 shares of the business services provider's stock after selling 2,403 shares during the period. First National Advisers LLC's holdings in Broadridge Financial Solutions were worth $2,981,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of Broadridge Financial Solutions by 130.0% in the 3rd quarter. Assetmark Inc. now owns 667 shares of the business services provider's stock worth $143,000 after buying an additional 377 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Broadridge Financial Solutions in the third quarter worth $529,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Broadridge Financial Solutions by 1.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 265,440 shares of the business services provider's stock valued at $57,078,000 after acquiring an additional 2,715 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Broadridge Financial Solutions during the 3rd quarter valued at $210,000. Finally, Victory Capital Management Inc. raised its holdings in Broadridge Financial Solutions by 6.0% in the 3rd quarter. Victory Capital Management Inc. now owns 50,736 shares of the business services provider's stock worth $10,910,000 after purchasing an additional 2,871 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

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Wall Street Analysts Forecast Growth

BR has been the topic of several research analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price 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. UBS Group upped their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, DA Davidson reissued a "neutral" rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $239.17.

Broadridge Financial Solutions Stock Down 0.6 %

Shares of Broadridge Financial Solutions stock traded down $1.47 during midday trading on Thursday, hitting $233.90. The company had a trading volume of 362,248 shares, compared to its average volume of 472,258. The company has a 50 day moving average of $235.73 and a 200 day moving average of $226.43. The stock has a market capitalization of $27.37 billion, a P/E ratio of 36.60 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $246.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current 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 return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the company earned $0.92 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

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

Insider Activity

In other news, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the transaction, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at $39,973,188.84. This represents a 36.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the sale, the president now owns 52,524 shares of the company's stock, valued at $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 a total of 124,754 shares of company stock worth $29,397,793 over the last 90 days. 1.30% of the stock is currently owned by 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.