Bahl & Gaynor Inc. Has $218.45 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Bahl & Gaynor Inc. boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,108,867 shares of the business services provider's stock after purchasing an additional 6,634 shares during the quarter. Broadridge Financial Solutions makes up approximately 1.2% of Bahl & Gaynor Inc.'s holdings, making the stock its 24th largest holding. Bahl & Gaynor Inc. owned about 0.94% of Broadridge Financial Solutions worth $218,447,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BR. LifeSteps Financial Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $32,000. EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $32,000. Manchester Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 57.1% in the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider's stock worth $34,000 after acquiring an additional 60 shares in the last quarter. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at approximately $34,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BR shares. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. DA Davidson reissued a "neutral" rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report 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 report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 transaction, the president now owns 67,215 shares of the company's stock, valued at approximately $13,938,374.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 673 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was 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 owns 5,530 shares in the company, valued at $1,194,480. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,852 shares of company stock valued at $24,370,893. Company insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded down $2.90 during trading hours on Wednesday, hitting $211.25. The stock had a trading volume of 518,250 shares, compared to its average volume of 529,198. The stock's fifty day simple moving average is $209.30 and its 200 day simple moving average is $202.98. The firm has a market capitalization of $24.65 billion, a price-to-earnings ratio of 36.05 and a beta of 1.05. 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, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, beating the consensus estimate 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 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date 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 currently 54.61%.

Broadridge Financial Solutions 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.