Fifth Third Bancorp Has $5.21 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Fifth Third Bancorp cut its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,027 shares of the business services provider's stock after selling 7,608 shares during the quarter. Fifth Third Bancorp's holdings in Broadridge Financial Solutions were worth $5,206,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $44,746,000. Assenagon Asset Management S.A. boosted its holdings in Broadridge Financial Solutions by 3,197.8% in the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider's stock worth $43,945,000 after purchasing an additional 198,169 shares during the period. Benjamin Edwards Inc. increased its stake in Broadridge Financial Solutions by 2,302.8% during the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider's stock valued at $31,618,000 after purchasing an additional 140,886 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the third quarter worth $274,650,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Broadridge Financial Solutions by 97.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider's stock worth $42,765,000 after buying an additional 98,275 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded up $2.18 during mid-day trading on Monday, hitting $239.53. 420,304 shares of the company's stock traded hands, compared to its average volume of 490,444. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $241.18. The firm has a 50 day moving average price of $230.40 and a 200 day moving average price of $219.48. The company has a market cap of $28.00 billion, a PE ratio of 41.44 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio is presently 60.90%.

Wall Street Analysts Forecast Growth

BR has been the subject of a number of recent research reports. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. DA Davidson restated a "neutral" rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Finally, Morgan Stanley increased their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $226.71.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the company'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 of the company's stock, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares in the company, valued at $2,878,118.98. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock valued at $12,264,846 over the last quarter. Corporate insiders own 1.30% of the company's stock.

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.