National Bank of Canada FI Boosts Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

National Bank of Canada FI increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 59.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 72,208 shares of the business services provider's stock after acquiring an additional 27,026 shares during the quarter. National Bank of Canada FI owned about 0.06% of Broadridge Financial Solutions worth $15,527,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Broadridge Financial Solutions by 1.0% during the third quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock worth $1,118,644,000 after acquiring an additional 51,439 shares in the last quarter. Stifel Financial Corp boosted its stake in Broadridge Financial Solutions by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 1,594,415 shares of the business services provider's stock worth $342,856,000 after purchasing an additional 5,813 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of Broadridge Financial Solutions by 0.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider's stock valued at $218,447,000 after acquiring an additional 6,634 shares during the period. Dimensional Fund Advisors LP grew its stake in Broadridge Financial Solutions by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider's stock valued at $185,417,000 after acquiring an additional 72,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Broadridge Financial Solutions by 2.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 904,919 shares of the business services provider's stock valued at $194,585,000 after purchasing an additional 20,775 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.1 %

Shares of Broadridge Financial Solutions stock traded down $0.21 on Wednesday, hitting $235.69. The stock had a trading volume of 361,527 shares, compared to its average volume of 519,528. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 40.81 and a beta of 1.07. 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 stock's 50-day simple moving average is $223.21 and its two-hundred day simple moving average is $212.19. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $237.96.

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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on BR shares. UBS Group initiated coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price target on the stock. DA Davidson lifted their target price on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. lifted their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $226.71.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares in the company, valued at $6,308,431.76. This trade represents a 12.25 % 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 ninety days. Company 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.