Candriam S.C.A. Has $4.16 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Candriam S.C.A. increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,378 shares of the business services provider's stock after acquiring an additional 4,229 shares during the quarter. Candriam S.C.A.'s holdings in Broadridge Financial Solutions were worth $4,155,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. State Street Corp boosted its position in shares of Broadridge Financial Solutions by 1.0% in the third quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock valued at $1,118,644,000 after acquiring an additional 51,439 shares during the period. Geode Capital Management LLC grew its position in Broadridge Financial Solutions by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,999,874 shares of the business services provider's stock worth $643,018,000 after purchasing an additional 15,208 shares during the last quarter. Stifel Financial Corp grew its position in Broadridge Financial Solutions by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 1,594,415 shares of the business services provider's stock worth $342,856,000 after purchasing an additional 5,813 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Broadridge Financial Solutions by 2.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,129,824 shares of the business services provider's stock worth $255,442,000 after purchasing an additional 29,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Broadridge Financial Solutions by 2.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 904,919 shares of the business services provider's stock valued at $194,585,000 after buying an additional 20,775 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

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Broadridge Financial Solutions Trading Down 0.7 %

NYSE:BR traded down $1.60 on Wednesday, hitting $224.73. 601,528 shares of the stock were exchanged, compared to its average volume of 472,884. 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 has a market capitalization of $26.30 billion, a price-to-earnings ratio of 35.17 and a beta of 1.05. The company's 50-day moving average price is $235.49 and its 200 day moving average price is $225.78. 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 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 net margin of 11.36% and a return on equity of 44.40%. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 55.09%.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 514 shares of the firm's stock in a transaction on 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 owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions 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 transaction, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BR has been the topic of a number of research reports. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Finally, DA Davidson restated a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of "Hold" and a consensus target price of $239.17.

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.