Fox Run Management L.L.C. reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,573 shares of the business services provider’s stock after selling 4,627 shares during the period. Fox Run Management L.L.C.’s holdings in Broadridge Financial Solutions were worth $1,139,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position in Broadridge Financial Solutions by 3,842.0% in the 4th quarter. Acadian Asset Management LLC now owns 17,266 shares of the business services provider’s stock valued at $1,564,000 after buying an additional 16,828 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Broadridge Financial Solutions by 3.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 398,434 shares of the business services provider’s stock valued at $36,091,000 after buying an additional 13,717 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at about $1,134,000. Creative Planning boosted its position in Broadridge Financial Solutions by 31.2% in the 4th quarter. Creative Planning now owns 9,939 shares of the business services provider’s stock valued at $900,000 after buying an additional 2,365 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Broadridge Financial Solutions by 10.2% in the 4th quarter. Bank of Montreal Can now owns 33,733 shares of the business services provider’s stock valued at $3,057,000 after buying an additional 3,122 shares during the last quarter. 83.50% of the stock is owned by institutional investors.

Shares of Broadridge Financial Solutions, Inc. (BR) traded up $1.11 during mid-day trading on Thursday, hitting $95.18. 298,600 shares of the stock traded hands, compared to its average volume of 398,109. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions, Inc. has a twelve month low of $65.35 and a twelve month high of $95.48. The company has a market capitalization of $11,080.00, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly 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. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. During the same quarter last year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. equities research analysts expect that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date was Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.53%. Broadridge Financial Solutions’s payout ratio is 51.05%.

In other news, Director Richard J. Haviland sold 7,655 shares of the 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 owns 44,482 shares of the company’s stock, valued at $3,937,101.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schifellite sold 49,181 shares of the 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 directly owns 149,181 shares in the company, valued at approximately $13,347,224.07. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of equities analysts have weighed in on BR shares. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays upped their price objective on shares of 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. DA Davidson reissued a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $90.50.

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Broadridge Financial Solutions Profile

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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