Douglas Lane & Associates LLC Sells 2,333 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Douglas Lane & Associates LLC trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,823 shares of the business services provider's stock after selling 2,333 shares during the quarter. Douglas Lane & Associates LLC owned about 0.06% of Broadridge Financial Solutions worth $14,882,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BR. Fulton Bank N.A. lifted its stake in shares of Broadridge Financial Solutions by 4.6% in the 4th quarter. Fulton Bank N.A. now owns 3,346 shares of the business services provider's stock worth $756,000 after acquiring an additional 147 shares during the period. CWA Asset Management Group LLC lifted its position in Broadridge Financial Solutions by 6.0% in the fourth quarter. CWA Asset Management Group LLC now owns 1,283 shares of the business services provider's stock worth $290,000 after purchasing an additional 73 shares during the period. GAMMA Investing LLC boosted its stake in Broadridge Financial Solutions by 46.1% during the 4th quarter. GAMMA Investing LLC now owns 3,182 shares of the business services provider's stock valued at $719,000 after purchasing an additional 1,004 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Broadridge Financial Solutions by 4.3% during 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 purchasing an additional 6,552 shares during the period. Finally, American Trust acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $2,233,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 1.4 %

Shares of NYSE:BR traded up $3.10 during mid-day trading on Thursday, hitting $229.42. The stock had a trading volume of 675,908 shares, compared to its average volume of 600,522. The company's 50 day moving average is $228.24 and its 200-day moving average is $216.60. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.96. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $26.82 billion, a PE ratio of 39.69 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions's payout ratio is presently 60.90%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. DA Davidson lifted their price objective on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. UBS Group began coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a "neutral" rating and a $250.00 target price for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $226.71.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares in the company, valued at $2,878,118.98. The trade was a 45.88 % 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, Director Maura A. Markus sold 3,880 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the sale, the director now directly owns 27,788 shares of the company's stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by company 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.