Stifel Financial Corp Increases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Stifel Financial Corp boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,594,415 shares of the business services provider's stock after buying an additional 5,813 shares during the quarter. Stifel Financial Corp owned approximately 1.36% of Broadridge Financial Solutions worth $342,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. increased its stake in Broadridge Financial Solutions by 0.8% in the 3rd 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 period. Avestar Capital LLC increased its stake 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 worth $268,000 after buying an additional 48 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Broadridge Financial Solutions by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock valued at $2,001,000 after buying an additional 50 shares during the last quarter. Garrison Asset Management LLC boosted its position in Broadridge Financial Solutions by 0.3% during 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 buying an additional 50 shares during the period. Finally, Brighton Jones LLC grew its holdings 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 worth $428,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

BR has been the subject of several recent analyst reports. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Royal Bank of Canada reiterated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. UBS Group initiated coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a "neutral" rating and a $250.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus target price of $222.43.

Insider Activity at Broadridge Financial Solutions

In other news, Chairman Richard J. Daly sold 21,938 shares of Broadridge Financial Solutions stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the transaction, the chairman now directly owns 105,094 shares of the company's stock, valued at $21,823,820.04. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the 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 completion of the sale, the insider now directly owns 27,137 shares of the company's stock, valued at $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. Insiders have sold 94,004 shares of company stock valued at $20,562,422 over the last ninety days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Up 1.3 %

BR stock traded up $3.08 on Thursday, reaching $236.01. 594,422 shares of the company traded hands, compared to its average volume of 521,683. 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 firm has a fifty day simple moving average of $221.46 and a 200-day simple moving average of $211.17. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $237.74. The company has a market cap of $27.59 billion, a P/E ratio of 40.29 and a beta of 1.07.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion during 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%. Broadridge Financial Solutions's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions's payout ratio is currently 60.90%.

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.