Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,850 shares of the business services provider’s stock after acquiring an additional 1,500 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Broadridge Financial Solutions were worth $1,766,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Broadridge Financial Solutions by 0.7% during the second quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock valued at $916,871,000 after acquiring an additional 79,827 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Broadridge Financial Solutions by 1,647.4% during the second quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after acquiring an additional 6,770,958 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Broadridge Financial Solutions by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock valued at $184,239,000 after buying an additional 10,182 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Broadridge Financial Solutions by 3.8% during the third quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock valued at $118,123,000 after buying an additional 53,439 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Broadridge Financial Solutions by 0.7% during the second quarter. Northern Trust Corp now owns 1,437,887 shares of the business services provider’s stock valued at $108,647,000 after buying an additional 10,569 shares during the last quarter. Hedge funds and other institutional investors own 83.32% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up $0.57 during trading hours on Tuesday, reaching $89.82. The company’s stock had a trading volume of 681,700 shares, compared to its average volume of 458,637. The stock has a market capitalization of $10,470.00, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions, Inc. has a fifty-two week low of $63.28 and a fifty-two week high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. equities analysts forecast that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be given a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 1.63%. Broadridge Financial Solutions’s payout ratio is 51.05%.

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BR has been the topic of several recent analyst reports. BidaskClub raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays PLC increased their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, DA Davidson reaffirmed a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th.

In other news, insider Richard J. Daly sold 94,039 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam D. Amsterdam sold 17,813 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total value of $1,370,888.48. Following the transaction, the insider now directly owns 20,646 shares in the company, valued at $1,588,916.16. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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