Bath Savings Trust Co lowered its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,334 shares of the business services provider’s stock after selling 1,021 shares during the period. Broadridge Financial Solutions accounts for 2.1% of Bath Savings Trust Co’s holdings, making the stock its 17th largest holding. Bath Savings Trust Co owned approximately 0.08% of Broadridge Financial Solutions worth $8,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BR. Janus Henderson Group PLC lifted 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 worth $542,669,000 after purchasing an additional 6,770,958 shares during the period. Alta Capital Management LLC raised its stake in Broadridge Financial Solutions by 133.0% during the third quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock worth $36,735,000 after buying an additional 259,450 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Broadridge Financial Solutions by 33.4% during the second quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock worth $38,458,000 after buying an additional 127,434 shares during the last quarter. Macquarie Group Ltd. raised its stake in Broadridge Financial Solutions by 193.4% during the second quarter. Macquarie Group Ltd. now owns 190,662 shares of the business services provider’s stock worth $14,407,000 after buying an additional 125,686 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Broadridge Financial Solutions by 68.6% during the third quarter. First Trust Advisors LP now owns 279,708 shares of the business services provider’s stock worth $22,606,000 after buying an additional 113,768 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

In related news, Director Richard J. Haviland sold 7,655 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Schifellite sold 49,181 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was 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 in the company, valued at $13,347,224.07. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

A number of equities analysts recently weighed in on BR shares. Barclays lifted their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, DA Davidson reaffirmed a “hold” rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $90.50.

Broadridge Financial Solutions, Inc. (BR) traded up $0.18 on Wednesday, reaching $93.31. 451,800 shares of the company’s stock traded hands, compared to its average volume of 414,183. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $10,880.00, a P/E ratio of 32.63, a P/E/G ratio of 2.49 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12-month low of $65.22 and a 12-month high of $93.83.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $925.00 million during 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 firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. analysts forecast that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, December 14th. Broadridge Financial Solutions’s payout ratio is presently 51.05%.

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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.

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

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