Broadridge Financial Solutions, Inc. (NYSE:BR) Holdings Increased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 10.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,950 shares of the business services provider's stock after purchasing an additional 2,381 shares during the period. Integrated Wealth Concepts LLC's holdings in Broadridge Financial Solutions were worth $5,365,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in Broadridge Financial Solutions by 244.7% during the 1st quarter. Cetera Investment Advisers now owns 27,070 shares of the business services provider's stock worth $5,546,000 after buying an additional 19,216 shares during the period. Cetera Advisors LLC increased its position in shares of Broadridge Financial Solutions by 66.4% during the first quarter. Cetera Advisors LLC now owns 9,542 shares of the business services provider's stock worth $1,955,000 after acquiring an additional 3,807 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Broadridge Financial Solutions by 1.5% in the second quarter. Park Avenue Securities LLC now owns 8,243 shares of the business services provider's stock worth $1,624,000 after acquiring an additional 124 shares in the last quarter. CWM LLC boosted its holdings in Broadridge Financial Solutions by 8.0% in the second quarter. CWM LLC now owns 7,041 shares of the business services provider's stock valued at $1,387,000 after purchasing an additional 522 shares during the last quarter. Finally, Simplicity Wealth LLC grew its stake in Broadridge Financial Solutions by 0.6% during the 2nd quarter. Simplicity Wealth LLC now owns 15,995 shares of the business services provider's stock valued at $3,151,000 after purchasing an additional 98 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 15,710 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. The trade was a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard J. Daly sold 21,938 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.66, for a total value of $4,555,645.08. Following the completion of the sale, the chairman now owns 105,094 shares in the company, valued at approximately $21,823,820.04. This represents a 17.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,004 shares of company stock worth $20,562,422. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR traded up $2.98 on Thursday, hitting $235.91. 594,422 shares of the company's stock were exchanged, compared to its average volume of 521,915. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The stock has a fifty day moving average of $221.46 and a two-hundred day moving average of $211.17. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.74. The firm has a market cap of $27.58 billion, a PE ratio of 40.29 and a beta of 1.07.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly 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 return on equity of 41.79% and a net margin of 10.57%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 60.90%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BR. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Morgan Stanley boosted their target price on shares of 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. UBS Group initiated coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a "neutral" rating and a $250.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $222.43.

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.