Dimensional Fund Advisors LP Boosts Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Dimensional Fund Advisors LP raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 971,780 shares of the business services provider's stock after purchasing an additional 26,206 shares during the period. Dimensional Fund Advisors LP owned 0.83% of Broadridge Financial Solutions worth $219,709,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. World Investment Advisors LLC raised its stake in Broadridge Financial Solutions by 10.9% in the 3rd quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider's stock valued at $909,000 after purchasing an additional 416 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Broadridge Financial Solutions during the third quarter valued at approximately $3,530,000. Tidal Investments LLC boosted its position in Broadridge Financial Solutions by 43.7% during the third quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider's stock worth $3,290,000 after acquiring an additional 4,654 shares during the last quarter. American Trust acquired a new stake in Broadridge Financial Solutions during the third quarter worth approximately $2,233,000. Finally, Principal Financial Group Inc. raised its holdings in Broadridge Financial Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider's stock valued at $33,898,000 after acquiring an additional 6,552 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 3.1 %

NYSE BR opened at $235.10 on Wednesday. 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, Inc. has a one year low of $188.30 and a one year high of $247.01. The company's 50 day moving average price is $234.68 and its 200 day moving average price is $230.31. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of 36.79 and a beta of 1.06.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 last year, the firm earned $0.92 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Insider Activity

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 directly owns 6,602 shares in the company, valued at $1,595,043.20. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert N. Duelks sold 485 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the transaction, the director now owns 4,960 shares of the company's stock, valued at approximately $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,754 shares of company stock worth $29,397,793 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BR. Morgan Stanley raised their price objective 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 upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. DA Davidson restated a "neutral" rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $241.00.

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.

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