Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 632,216 shares of the business services provider's stock after selling 10,174 shares during the period. Broadridge Financial Solutions makes up approximately 2.0% of Confluence Investment Management LLC's holdings, making the stock its 7th biggest position. Confluence Investment Management LLC owned 0.54% of Broadridge Financial Solutions worth $142,938,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $32,000. Van ECK Associates Corp acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $3,721,000. Ritholtz Wealth Management acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $238,000. Natixis Advisors LLC boosted its holdings in shares of Broadridge Financial Solutions by 6.3% in the second quarter. Natixis Advisors LLC now owns 98,817 shares of the business services provider's stock valued at $19,467,000 after acquiring an additional 5,857 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Broadridge Financial Solutions by 2.2% during the second quarter. Rhumbline Advisers now owns 254,781 shares of the business services provider's stock valued at $50,192,000 after acquiring an additional 5,501 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 0.3 %

Broadridge Financial Solutions stock traded up $0.74 during midday trading on Thursday, reaching $226.83. The stock had a trading volume of 616,847 shares, compared to its average volume of 514,814. The firm's fifty day simple moving average is $226.72 and its two-hundred day simple moving average is $215.60. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 39.24 and a beta of 1.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions's payout ratio is presently 60.90%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BR shares. Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. DA Davidson lifted their target price on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. UBS Group began coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $226.71.

Insiders Place Their Bets

In related news, VP Thomas P. Carey sold 15,710 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock valued at $12,264,846 over the last three months. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Company 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.