Forsta AP Fonden Decreases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Forsta AP Fonden reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,400 shares of the business services provider's stock after selling 2,900 shares during the period. Forsta AP Fonden's holdings in Broadridge Financial Solutions were worth $12,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Nilsine Partners LLC lifted its stake in Broadridge Financial Solutions by 18.0% during the fourth quarter. Nilsine Partners LLC now owns 1,247 shares of the business services provider's stock worth $282,000 after purchasing an additional 190 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 3.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock worth $345,000 after buying an additional 52 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at about $2,328,000. Blue Trust Inc. grew its position in Broadridge Financial Solutions by 25.2% in the fourth quarter. Blue Trust Inc. now owns 2,188 shares of the business services provider's stock valued at $471,000 after acquiring an additional 441 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Broadridge Financial Solutions by 6.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,980 shares of the business services provider's stock worth $448,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BR shares. DA Davidson reiterated a "neutral" rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Morgan Stanley upped their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $226.71.

Broadridge Financial Solutions Trading Up 1.5 %

Broadridge Financial Solutions stock traded up $3.51 during mid-day trading on Thursday, hitting $239.07. 85,741 shares of the stock were exchanged, compared to its average volume of 462,281. The stock has a market capitalization of $27.94 billion, a price-to-earnings ratio of 41.36 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $241.45. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm's fifty day simple moving average is $230.87 and its two-hundred day simple moving average is $219.82.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 60.90%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now owns 27,788 shares of the company's stock, valued at $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock valued at $12,264,846 in the last quarter. 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.