Chevy Chase Trust Holdings LLC Has $13.87 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Chevy Chase Trust Holdings LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,337 shares of the business services provider's stock after selling 1,241 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Broadridge Financial Solutions worth $13,868,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BR. Bogart Wealth LLC raised its holdings in Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after buying an additional 142 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Broadridge Financial Solutions by 246.7% in the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after buying an additional 111 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $38,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other 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 value of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brett Keller sold 5,442 shares of the firm's stock in a transaction on 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 in the company, valued at $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 have sold 21,666 shares of company stock worth $5,050,766. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE BR traded down $2.80 during trading hours on Thursday, reaching $236.14. 438,837 shares of the company's stock were exchanged, compared to its average volume of 464,859. The stock has a market cap of $27.63 billion, a PE ratio of 36.95 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $244.47. The firm has a fifty day moving average of $232.75 and a 200-day moving average of $223.09. 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 (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 last year, the business posted $0.92 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions's payout ratio is 55.09%.

Wall Street Analysts Forecast Growth

BR has been the subject of a number of recent research reports. Royal Bank of Canada increased 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. Morgan Stanley increased their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Wednesday. 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. Finally, Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $239.17.

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.