Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 29.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 829 shares of the business services provider’s stock after acquiring an additional 189 shares during the quarter. Blue Trust Inc.’s holdings in Broadridge Financial Solutions were worth $170,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BR. New England Research & Management Inc. acquired a new stake in shares of Broadridge Financial Solutions in the first quarter worth $1,465,000. Bank of Nova Scotia grew its stake in Broadridge Financial Solutions by 642.3% during the 4th quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider’s stock valued at $16,707,000 after acquiring an additional 70,263 shares in the last quarter. UBS Group AG grew its stake in Broadridge Financial Solutions by 8.2% during the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after acquiring an additional 14,147 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $227,750,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Broadridge Financial Solutions by 108.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock worth $17,192,000 after purchasing an additional 43,710 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 673 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now directly owns 5,530 shares of the company’s stock, valued at $1,194,480. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares of the company’s stock, valued at $1,194,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 162 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares in the company, valued at approximately $14,126,070. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,147 shares of company stock worth $12,698,243. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BR has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Royal Bank of Canada increased their price objective on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on Broadridge Financial Solutions from $213.00 to $224.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $213.17.

Broadridge Financial Solutions Stock Up 0.3 %

BR stock opened at $209.32 on Tuesday. The firm has a market cap of $24.74 billion, a PE ratio of 35.72 and a beta of 1.04. Broadridge Financial Solutions, Inc. has a 1 year low of $166.73 and a 1 year high of $223.81. The company has a fifty day simple moving average of $205.06 and a 200 day simple moving average of $201.47. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.88 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

About Broadridge Financial Solutions

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.