Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Andra AP fonden

Andra AP fonden increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,100 shares of the business services provider's stock after buying an additional 4,900 shares during the period. Andra AP fonden owned 0.12% of Broadridge Financial Solutions worth $27,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. New England Research & Management Inc. purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at about $1,465,000. Bank of Nova Scotia lifted its stake in shares of Broadridge Financial Solutions by 642.3% in the 4th quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider's stock valued at $16,707,000 after purchasing an additional 70,263 shares during the last quarter. UBS Group AG boosted its holdings in shares of Broadridge Financial Solutions by 8.2% in the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider's stock worth $38,361,000 after purchasing an additional 14,147 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Broadridge Financial Solutions by 108.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider's stock valued at $17,192,000 after purchasing an additional 43,710 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Broadridge Financial Solutions by 99.6% during the 1st quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider's stock valued at $3,627,000 after buying an additional 8,837 shares during the period. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Trading Up 1.7 %

Shares of NYSE BR traded up $3.55 during trading hours on Tuesday, reaching $214.20. The stock had a trading volume of 768,982 shares, compared to its average volume of 529,261. Broadridge Financial Solutions, Inc. has a 52-week low of $166.73 and a 52-week high of $223.81. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 36.31 and a beta of 1.05. The business's fifty day moving average price is $208.74 and its two-hundred day moving average price is $202.83. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.01. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.21 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.88 per share. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 54.61%.

Insider Activity

In other news, CEO Timothy C. Gokey sold 25,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the transaction, the chief executive officer now directly owns 200,675 shares in the company, valued at $41,963,149.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares of the company's stock, valued at $1,194,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 200,675 shares in the company, valued at approximately $41,963,149.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,852 shares of company stock worth $24,370,893. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price objective 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 research report on Tuesday. DA Davidson reissued a "neutral" rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. upped their target price 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $213.33.

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.