Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,276 shares of the business services provider's stock after buying an additional 1,223 shares during the quarter. Occidental Asset Management LLC's holdings in Broadridge Financial Solutions were worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BR. State Street Corp lifted its position in Broadridge Financial Solutions by 1.0% during the third quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock valued at $1,118,644,000 after purchasing an additional 51,439 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,999,874 shares of the business services provider's stock valued at $643,018,000 after buying an additional 15,208 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Broadridge Financial Solutions by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 1,594,415 shares of the business services provider's stock valued at $342,856,000 after acquiring an additional 5,813 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Broadridge Financial Solutions by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider's stock worth $185,417,000 after acquiring an additional 72,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Broadridge Financial Solutions by 2.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 904,919 shares of the business services provider's stock worth $194,585,000 after acquiring an additional 20,775 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price objective for the company. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Finally, DA Davidson boosted their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $226.71.

Broadridge Financial Solutions Stock Performance

BR stock traded down $0.09 during midday trading on Friday, reaching $230.95. The stock had a trading volume of 226,560 shares, compared to its average volume of 493,239. The firm has a fifty day simple moving average of $229.33 and a two-hundred day simple moving average of $217.53. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $237.96. 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 stock has a market cap of $27.00 billion, a PE ratio of 39.95 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. Broadridge Financial Solutions's payout ratio is currently 60.90%.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 24,185 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares of the company's stock, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now directly owns 27,788 shares of the company's stock, valued at $6,308,431.76. The trade was a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock valued at $12,264,846 over the last 90 days. Insiders own 1.30% of the company's stock.

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.