Natixis Advisors LLC Raises Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Natixis Advisors LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,817 shares of the business services provider's stock after buying an additional 5,857 shares during the quarter. Natixis Advisors LLC owned 0.08% of Broadridge Financial Solutions worth $19,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hutchens & Kramer Investment Management Group LLC grew its stake in shares of Broadridge Financial Solutions by 4.5% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,193 shares of the business services provider's stock worth $242,000 after acquiring an additional 51 shares in the last quarter. TIAA Trust National Association lifted its position in shares of Broadridge Financial Solutions by 1.0% during the 1st quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider's stock worth $1,120,000 after buying an additional 52 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Broadridge Financial Solutions by 3.6% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,581 shares of the business services provider's stock worth $324,000 after buying an additional 55 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 10.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 591 shares of the business services provider's stock worth $114,000 after buying an additional 55 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider's stock valued at $34,000 after purchasing an additional 60 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Trading Up 0.2 %

Shares of BR stock traded up $0.43 on Wednesday, hitting $211.88. 754,553 shares of the company's stock traded hands, compared to its average volume of 526,170. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 35.97 and a beta of 1.05. The company's fifty day simple moving average is $207.79 and its 200 day simple moving average is $202.47. Broadridge Financial Solutions, Inc. has a one year low of $166.73 and a one year high of $223.81. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the firm earned $3.21 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.80. Broadridge Financial Solutions's dividend payout ratio is 60.07%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BR. Royal Bank of Canada lifted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, August 28th. DA Davidson reissued a "neutral" rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. boosted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

Insider Transactions at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 31,539 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the transaction, the president now directly owns 67,215 shares of the company's stock, valued at $13,938,374.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President Christopher John Perry sold 31,539 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43. Following the completion of the transaction, the president now directly owns 67,215 shares of the company's stock, valued at $13,938,374.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,914 shares of company stock worth $19,815,248. Insiders own 1.60% of the company's stock.

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.