Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,497 shares of the business services provider's stock after acquiring an additional 2,279 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Broadridge Financial Solutions were worth $7,633,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Qsemble Capital Management LP purchased a new stake in Broadridge Financial Solutions during the third quarter worth about $1,412,000. Atria Investments Inc increased its position in shares of Broadridge Financial Solutions by 9.7% in the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider's stock valued at $6,373,000 after buying an additional 2,610 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Broadridge Financial Solutions by 22.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider's stock worth $7,191,000 after buying an additional 6,690 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $483,000. Finally, Quest Partners LLC acquired a new stake in shares of Broadridge Financial Solutions during the third quarter valued at $2,251,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson raised their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Hold" and an average target price of $226.71.

Insider Transactions at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,880 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the 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 completion of the transaction, the insider now owns 27,137 shares of the company's stock, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,532 shares of company stock worth $12,264,846. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded down $1.47 during midday trading on Friday, hitting $233.53. The company's stock had a trading volume of 366,698 shares, compared to its average volume of 517,704. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The firm's fifty day moving average price is $224.07 and its 200-day moving average price is $212.52. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $237.96. The firm has a market cap of $27.30 billion, a P/E ratio of 40.83 and a beta of 1.07.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 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.