Tidal Investments LLC Raises Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Tidal Investments LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 43.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,300 shares of the business services provider's stock after acquiring an additional 4,654 shares during the period. Tidal Investments LLC's holdings in Broadridge Financial Solutions were worth $3,290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in Broadridge Financial Solutions in the 3rd quarter worth about $3,530,000. World Investment Advisors LLC grew its position in Broadridge Financial Solutions by 10.9% during the third quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider's stock worth $909,000 after buying an additional 416 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Broadridge Financial Solutions by 26.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,098 shares of the business services provider's stock valued at $4,167,000 after acquiring an additional 3,761 shares in the last quarter. Unigestion Holding SA increased its position in shares of Broadridge Financial Solutions by 20.3% in the third quarter. Unigestion Holding SA now owns 5,215 shares of the business services provider's stock worth $1,121,000 after purchasing an additional 880 shares during the last quarter. Finally, Second Line Capital LLC grew its stake in Broadridge Financial Solutions by 6.1% in the 3rd quarter. Second Line Capital LLC now owns 12,673 shares of the business services provider's stock worth $2,736,000 after buying an additional 728 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Activity

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares in the company, valued at $6,308,431.76. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 15,710 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BR has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted 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. DA Davidson raised their target price on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Finally, Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $226.71.

Broadridge Financial Solutions Stock Performance

BR stock traded down $1.47 during midday trading on Friday, reaching $233.53. 366,702 shares of the company's stock traded hands, compared to its average volume of 517,704. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $237.96. The stock's 50-day moving average is $224.43 and its 200 day moving average is $212.87. The stock has a market cap of $27.30 billion, a P/E ratio of 40.40 and a beta of 1.07. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63.

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

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 60.90%.

Broadridge Financial Solutions 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.