Zions Bancorporation N.A. Has $2.63 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Zions Bancorporation N.A. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,645 shares of the business services provider's stock after acquiring an additional 3,979 shares during the period. Zions Bancorporation N.A.'s holdings in Broadridge Financial Solutions were worth $2,633,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Broadridge Financial Solutions by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider's stock valued at $3,231,904,000 after acquiring an additional 74,674 shares in the last quarter. State Street Corp increased its stake in shares of Broadridge Financial Solutions by 1.0% during the 3rd quarter. State Street Corp now owns 5,181,715 shares of the business services provider's stock worth $1,118,644,000 after purchasing an additional 51,439 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,999,874 shares of the business services provider's stock valued at $643,018,000 after purchasing an additional 15,208 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Broadridge Financial Solutions by 0.4% in 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 purchasing an additional 5,813 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Broadridge Financial Solutions by 2.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,129,824 shares of the business services provider's stock worth $255,442,000 after purchasing an additional 29,483 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the transaction, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at approximately $39,973,188.84. This trade represents a 36.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Christopher John Perry sold 22,357 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the completion of the sale, the president now owns 52,524 shares in the company, valued at $12,355,220.52. This represents a 29.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. DA Davidson reissued a "neutral" rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, UBS Group raised their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Hold" and an average target price of $241.00.

Broadridge Financial Solutions Stock Performance

BR stock traded down $1.29 on Friday, reaching $237.60. 420,572 shares of the company were exchanged, compared to its average volume of 509,626. The firm has a market capitalization of $27.80 billion, a PE ratio of 37.18 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The stock's fifty day moving average price is $236.97 and its 200 day moving average price is $227.66. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the prior year, the business posted $0.92 EPS. On average, research analysts anticipate 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. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

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.