Broadridge Financial Solutions, Inc. (NYSE:BR) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,683 shares of the business services provider's stock after acquiring an additional 7,866 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Broadridge Financial Solutions worth $22,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BR. NBC Securities Inc. raised its position in Broadridge Financial Solutions by 0.8% in the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after acquiring an additional 45 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Broadridge Financial Solutions by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock worth $2,001,000 after purchasing an additional 50 shares during the last quarter. Garrison Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 0.3% in the second quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock valued at $3,535,000 after acquiring an additional 50 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Broadridge Financial Solutions by 2.5% during the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock worth $428,000 after purchasing an additional 52 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in Broadridge Financial Solutions by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 10,804 shares of the business services provider's stock worth $2,128,000 after acquiring an additional 54 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $210.22, for a total transaction of $1,366,640.22. Following the sale, the president now directly owns 67,771 shares in the company, valued at $14,246,819.62. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,534 shares of company stock valued at $24,748,962. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $217.83.

Broadridge Financial Solutions Stock Performance

Shares of BR traded down $2.19 during mid-day trading on Tuesday, hitting $224.89. The stock had a trading volume of 139,941 shares, compared to its average volume of 518,299. 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 company has a market cap of $26.29 billion, a PE ratio of 39.29 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $230.00. The company's fifty day simple moving average is $216.28 and its two-hundred day simple moving average is $208.45.

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 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 analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.57%. Broadridge Financial Solutions's payout ratio is currently 60.90%.

Broadridge Financial Solutions Company 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.