Natixis Advisors LLC Buys 6,361 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Natixis Advisors LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,044 shares of the business services provider's stock after acquiring an additional 6,361 shares during the period. Natixis Advisors LLC owned about 0.10% of Broadridge Financial Solutions worth $25,558,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new stake in Broadridge Financial Solutions in the fourth quarter worth $272,000. Hilton Capital Management LLC raised its holdings in Broadridge Financial Solutions by 4.5% in the 4th quarter. Hilton Capital Management LLC now owns 8,084 shares of the business services provider's stock worth $1,828,000 after purchasing an additional 348 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $68,000. Renasant Bank boosted its stake in shares of Broadridge Financial Solutions by 56.0% during the 4th quarter. Renasant Bank now owns 1,557 shares of the business services provider's stock valued at $352,000 after purchasing an additional 559 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Broadridge Financial Solutions by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 28,877 shares of the business services provider's stock valued at $6,529,000 after buying an additional 758 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. UBS Group upped their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $239.17.

Broadridge Financial Solutions Stock Down 0.3 %

Broadridge Financial Solutions stock traded down $0.78 during mid-day trading on Friday, hitting $233.03. The company had a trading volume of 1,115,387 shares, compared to its average volume of 475,393. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The company has a market capitalization of $27.27 billion, a PE ratio of 36.47 and a beta of 1.05. The stock's 50 day moving average price is $235.82 and its two-hundred day moving average price is $226.48. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period in the previous year, the business posted $0.92 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 22,357 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the transaction, the president now owns 52,524 shares of the company's stock, valued at approximately $12,355,220.52. This represents a 29.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Laura Matlin sold 514 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares of the company's stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,754 shares of company stock valued at $29,397,793. 1.30% of the stock is owned by insiders.

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.