Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,874 shares of the business services provider's stock after purchasing an additional 3,341 shares during the quarter. Achmea Investment Management B.V. owned about 0.08% of Broadridge Financial Solutions worth $18,296,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LifeSteps Financial Inc. bought a new position in shares of Broadridge Financial Solutions during the first quarter valued at about $32,000. EdgeRock Capital LLC purchased a new stake in Broadridge Financial Solutions during the second quarter worth about $32,000. Rothschild Investment LLC purchased a new stake in Broadridge Financial Solutions during the second quarter worth about $32,000. Manchester Capital Management LLC increased its holdings in Broadridge Financial Solutions by 57.1% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider's stock worth $34,000 after buying an additional 60 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in Broadridge Financial Solutions during the first quarter worth about $34,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BR shares. Royal Bank of Canada boosted their price objective 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 raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Finally, DA Davidson reiterated a "neutral" rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $213.33.

Insider Activity

In other news, CEO Timothy C. Gokey sold 25,000 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the sale, the chief executive officer now owns 200,675 shares in the company, valued at approximately $41,963,149.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 transaction, the vice president now owns 5,530 shares of the company's stock, valued at approximately $1,194,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 25,000 shares of the business's 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 sale, 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 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

BR traded down $0.72 during trading on Thursday, hitting $210.53. The company's stock had a trading volume of 382,308 shares, compared to its average volume of 528,363. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a one year low of $166.73 and a one year high of $223.81. The firm has a market cap of $24.57 billion, a PE ratio of 36.05 and a beta of 1.05. The business's 50 day simple moving average is $209.30 and its 200-day simple moving average is $202.98.

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, topping analysts' consensus estimates of $3.49 by $0.01. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company'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 company posted $3.21 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.67%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.80. Broadridge Financial Solutions's payout ratio is currently 54.61%.

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.