TrimTabs Asset Management LLC cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,758 shares of the business services provider’s stock after selling 2,918 shares during the period. TrimTabs Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BR. First Hawaiian Bank boosted its stake in Broadridge Financial Solutions by 50.8% during the 3rd quarter. First Hawaiian Bank now owns 14,428 shares of the business services provider’s stock valued at $1,796,000 after purchasing an additional 4,860 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Broadridge Financial Solutions by 99.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 52,562 shares of the business services provider’s stock valued at $6,539,000 after purchasing an additional 26,245 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Broadridge Financial Solutions by 58.6% during the 2nd quarter. Macquarie Group Ltd. now owns 385,024 shares of the business services provider’s stock valued at $49,159,000 after purchasing an additional 142,246 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Broadridge Financial Solutions by 22.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,906 shares of the business services provider’s stock valued at $4,074,000 after purchasing an additional 5,898 shares during the last quarter. Finally, Atria Investments LLC boosted its stake in Broadridge Financial Solutions by 314.6% during the 2nd quarter. Atria Investments LLC now owns 10,120 shares of the business services provider’s stock valued at $1,273,000 after purchasing an additional 7,679 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.

Shares of NYSE BR traded up $1.52 during midday trading on Wednesday, reaching $121.09. The company’s stock had a trading volume of 14,412 shares, compared to its average volume of 797,447. Broadridge Financial Solutions, Inc. has a 12-month low of $91.34 and a 12-month high of $136.99. The firm has a 50 day moving average price of $126.61 and a 200-day moving average price of $123.48. The stock has a market capitalization of $14.08 billion, a P/E ratio of 25.96, a PEG ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.30 and a quick ratio of 1.30.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. Broadridge Financial Solutions’s payout ratio is presently 46.35%.

BR has been the subject of a number of analyst reports. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. SunTrust Banks lifted their price target on Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Raymond James downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has a consensus rating of “Buy” and an average target price of $129.20.

In related news, insider C Elisa D. Garcia sold 5,089 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $15.48, for a total value of $78,777.72. Also, Chairman Richard J. Daly sold 86,386 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $127.23, for a total transaction of $10,990,890.78. Following the completion of the sale, the chairman now directly owns 312,006 shares in the company, valued at approximately $39,696,523.38. The disclosure for this sale can be found here. Insiders sold a total of 317,133 shares of company stock worth $39,829,477 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Broadridge Financial Solutions Profile

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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