Iberiabank Corp grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,513 shares of the business services provider’s stock after acquiring an additional 914 shares during the quarter. Iberiabank Corp’s holdings in Broadridge Financial Solutions were worth $595,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Broadridge Financial Solutions by 2.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,561 shares of the business services provider’s stock worth $2,251,000 after purchasing an additional 405 shares during the period. Advisor Partners LLC lifted its position in Broadridge Financial Solutions by 10.4% during the second quarter. Advisor Partners LLC now owns 4,616 shares of the business services provider’s stock worth $531,000 after purchasing an additional 433 shares during the period. Mcrae Capital Management Inc. lifted its position in Broadridge Financial Solutions by 1.2% during the second quarter. Mcrae Capital Management Inc. now owns 41,605 shares of the business services provider’s stock worth $4,789,000 after purchasing an additional 490 shares during the period. Oakbrook Investments LLC lifted its position in Broadridge Financial Solutions by 11.3% during the second quarter. Oakbrook Investments LLC now owns 4,898 shares of the business services provider’s stock worth $564,000 after purchasing an additional 498 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its position in Broadridge Financial Solutions by 4.3% during the second quarter. Xact Kapitalforvaltning AB now owns 13,066 shares of the business services provider’s stock worth $1,504,000 after purchasing an additional 538 shares during the period. 84.86% of the stock is owned by institutional investors.

Several research firms recently weighed in on BR. Wolfe Research began coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, July 17th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Sandler O’Neill reaffirmed a “hold” rating and set a $130.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, August 7th. Finally, SunTrust Banks assumed coverage on shares of Broadridge Financial Solutions in a report on Wednesday, August 29th. They issued a “buy” rating and a $150.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $123.40.

BR stock opened at $117.35 on Friday. The stock has a market capitalization of $15.37 billion, a PE ratio of 28.01, a P/E/G ratio of 2.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.28 and a quick ratio of 1.28. Broadridge Financial Solutions, Inc. has a 12 month low of $82.44 and a 12 month high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 7th. The business services provider reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Broadridge Financial Solutions had a return on equity of 46.16% and a net margin of 9.88%. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Tuesday, September 18th were issued a $0.485 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.37. Broadridge Financial Solutions’s dividend payout ratio is 46.30%.

In other news, CEO Richard J. Daly sold 67,974 shares of the stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $126.61, for a total value of $8,606,188.14. Following the completion of the transaction, the chief executive officer now owns 233,673 shares of the company’s stock, valued at $29,585,338.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Daly sold 47,192 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $134.11, for a total transaction of $6,328,919.12. Following the completion of the transaction, the chief executive officer now directly owns 387,336 shares of the company’s stock, valued at approximately $51,945,630.96. The disclosure for this sale can be found here. Insiders sold 370,080 shares of company stock valued at $48,514,337 in the last three months. Company insiders own 2.30% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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