Nomura Asset Management Co. Ltd. raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,435 shares of the business services provider’s stock after purchasing an additional 1,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $1,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Broadridge Financial Solutions by 0.7% in the second quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock valued at $916,871,000 after purchasing an additional 79,827 shares in the last quarter. Janus Henderson Group PLC lifted its stake 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 buying an additional 6,770,958 shares during the period. Bank of New York Mellon Corp lifted its stake 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 period. Principal Financial Group Inc. lifted its stake 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 period. Finally, Northern Trust Corp lifted its stake 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 period. 83.55% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions, Inc. (NYSE:BR) opened at $90.03 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $10,354.52, a P/E ratio of 26.68, a P/E/G ratio of 2.39 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a one year low of $65.07 and a one year high of $91.75.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 50.87%.

Several brokerages recently issued reports on BR. DA Davidson reissued a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Barclays reissued a “hold” rating and set a $95.00 price objective on shares of Broadridge Financial Solutions in a research note on Friday, December 8th. Finally, BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $90.50.

In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the transaction, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard J. Daly sold 94,039 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,875 shares of company stock worth $12,784,264. 2.60% of the stock is currently owned by insiders.

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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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