Capital Management Associates NY cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 34.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,996 shares of the business services provider’s stock after selling 5,725 shares during the period. Broadridge Financial Solutions accounts for about 1.4% of Capital Management Associates NY’s portfolio, making the stock its 12th largest position. Capital Management Associates NY’s holdings in Broadridge Financial Solutions were worth $996,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BR. Toronto Dominion Bank grew its stake in Broadridge Financial Solutions by 11.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 149 shares during the last quarter. Advisory Services Network LLC grew its stake in Broadridge Financial Solutions by 82.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 706 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $204,000. Court Place Advisors LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $210,000. Finally, Hutchens Investment Management Inc acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $226,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a research note on Wednesday, January 31st. DA Davidson reissued a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Finally, Barclays reissued a “hold” rating and issued a $95.00 price objective on shares of Broadridge Financial Solutions in a research note on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.33.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total value of $677,544.05. Following the transaction, the director now directly owns 44,482 shares in the company, valued at approximately $3,937,101.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Schifellite sold 49,181 shares of the company’s stock in a transaction dated 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 completion of 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. 2.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions, Inc. (NYSE BR) opened at $91.64 on Thursday. The stock has a market cap of $10,591.13, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. 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 1-year low of $66.49 and a 1-year high of $97.54.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. The company had revenue of $925.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. equities research analysts predict that Broadridge Financial Solutions, Inc. will post 3.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 50.87%.

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Broadridge Financial Solutions Company 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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