Prudential Financial Inc. Sells 13,957 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Prudential Financial Inc. trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,987 shares of the business services provider's stock after selling 13,957 shares during the period. Prudential Financial Inc. owned 0.05% of Broadridge Financial Solutions worth $13,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BR. Adero Partners LLC lifted its position in shares of Broadridge Financial Solutions by 2.5% in the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock valued at $415,000 after buying an additional 45 shares during the last quarter. Sunburst Financial Group LLC raised its stake in Broadridge Financial Solutions by 4.8% in the 4th quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock valued at $229,000 after acquiring an additional 46 shares during the period. Avestar Capital LLC lifted its holdings in Broadridge Financial Solutions by 4.0% during the 3rd quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider's stock valued at $268,000 after purchasing an additional 48 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Broadridge Financial Solutions by 3.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock worth $345,000 after purchasing an additional 52 shares during the period. Finally, TCTC Holdings LLC increased its holdings in shares of Broadridge Financial Solutions by 0.9% in the fourth quarter. TCTC Holdings LLC now owns 5,979 shares of the business services provider's stock valued at $1,352,000 after purchasing an additional 52 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several analysts recently commented on BR shares. DA Davidson reaffirmed a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Royal Bank of Canada upped their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $241.00.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $2.24 during midday trading on Tuesday, reaching $244.70. The company's stock had a trading volume of 658,681 shares, compared to its average volume of 512,637. The company has a market cap of $28.63 billion, a P/E ratio of 38.29 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $246.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50 day moving average price is $237.43 and its two-hundred day moving average price is $228.23.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the business posted $0.92 earnings per share. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. Broadridge Financial Solutions's payout ratio is 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 22,357 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the completion of the transaction, the president now owns 52,524 shares of the company's stock, valued at approximately $12,355,220.52. The trade was a 29.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Laura Matlin sold 514 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock valued at $29,397,793 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.