Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,645 shares of the business services provider's stock after buying an additional 6,552 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Broadridge Financial Solutions worth $33,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. lifted its stake in Broadridge Financial Solutions by 0.8% during the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 45 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Broadridge Financial Solutions by 4.0% in the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider's stock valued at $268,000 after acquiring an additional 48 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Broadridge Financial Solutions by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock worth $2,001,000 after acquiring an additional 50 shares during the last quarter. Garrison Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock valued at $3,535,000 after acquiring an additional 50 shares during the period. Finally, Brighton Jones LLC raised its position in Broadridge Financial Solutions by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after purchasing an additional 52 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $2.85 on Tuesday, hitting $227.34. The company's stock had a trading volume of 113,761 shares, compared to its average volume of 518,123. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50 day moving average of $225.51 and a 200-day moving average of $214.39. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 39.33 and a beta of 1.07. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.55%. Broadridge Financial Solutions's payout ratio is currently 60.90%.

Wall Street Analysts Forecast Growth

BR has been the topic of several research reports. Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. UBS Group began coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 target price on the stock. DA Davidson upped their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $226.71.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,880 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the sale, the director now owns 27,788 shares of the company's stock, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business's stock in a transaction that occurred on 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 owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,532 shares of company stock worth $12,264,846. 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.