2,825 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,825 shares of the business services provider's stock, valued at approximately $607,000.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Broadridge Financial Solutions by 1.0% in 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 buying an additional 51,439 shares in the last quarter. Stifel Financial Corp raised its position in shares of Broadridge Financial Solutions by 0.4% during 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 buying an additional 5,813 shares in the last quarter. Bahl & Gaynor Inc. raised its position in Broadridge Financial Solutions by 0.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider's stock worth $218,447,000 after purchasing an additional 6,634 shares during the period. Dimensional Fund Advisors LP grew its holdings in Broadridge Financial Solutions by 8.3% in the 2nd 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Broadridge Financial Solutions by 2.3% during the 3rd 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 valued at $194,585,000 after purchasing an additional 20,775 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR traded down $2.36 during midday trading on Friday, reaching $233.53. The company's stock had a trading volume of 278,098 shares, compared to its average volume of 517,704. The stock has a market cap of $27.30 billion, a P/E ratio of 40.83 and a beta of 1.07. The company has a fifty day simple moving average of $224.07 and a 200 day simple moving average of $212.52. 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, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 60.90%.

Analysts Set New Price Targets

BR has been the subject of several research reports. DA Davidson boosted their price objective on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Royal Bank of Canada reiterated an "outperform" rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $226.71.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction 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 sale, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 15,710 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares of the company's stock, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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.