Dividend Assets Capital LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 20.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,900 shares of the business services provider’s stock after buying an additional 1,540 shares during the quarter. Dividend Assets Capital LLC’s holdings in Broadridge Financial Solutions were worth $1,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McCollum Christoferson Group LLC grew its holdings in shares of Broadridge Financial Solutions by 2.3% during the first quarter. McCollum Christoferson Group LLC now owns 41,776 shares of the business services provider’s stock worth $6,396,000 after buying an additional 933 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Broadridge Financial Solutions by 3.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 203,673 shares of the business services provider’s stock worth $31,203,000 after acquiring an additional 6,999 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Broadridge Financial Solutions by 5.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 601,958 shares of the business services provider’s stock worth $92,220,000 after acquiring an additional 30,613 shares during the last quarter. Congress Asset Management Co. MA boosted its position in shares of Broadridge Financial Solutions by 2.1% in the fourth quarter. Congress Asset Management Co. MA now owns 134,114 shares of the business services provider’s stock worth $20,546,000 after acquiring an additional 2,783 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 36.3% in the fourth quarter. ProShare Advisors LLC now owns 38,319 shares of the business services provider’s stock worth $5,870,000 after acquiring an additional 10,213 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Shares of NYSE BR traded up $2.21 during trading on Tuesday, reaching $162.19. 4,653 shares of the stock were exchanged, compared to its average volume of 568,101. The business’s 50-day moving average price is $154.71 and its 200 day moving average price is $148.95. Broadridge Financial Solutions, Inc. has a twelve month low of $110.74 and a twelve month high of $163.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 39.50 and a beta of 0.83.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, May 4th. The business services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Broadridge Financial Solutions had a net margin of 10.27% and a return on equity of 48.98%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 5.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 2nd. Stockholders of record on Monday, March 15th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.42%. Broadridge Financial Solutions’s payout ratio is currently 45.73%.

BR has been the topic of several research analyst reports. BTIG Research raised shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Wednesday, February 3rd. Raymond James lifted their price target on shares of Broadridge Financial Solutions from $155.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Broadridge Financial Solutions presently has an average rating of “Buy” and a consensus price target of $154.17.

In related news, VP Adam D. Amsterdam sold 20,936 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $148.49, for a total value of $3,108,786.64. Following the completion of the sale, the vice president now owns 21,400 shares in the company, valued at $3,177,686. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 3,699 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $144.83, for a total transaction of $535,726.17. Following the completion of the sale, the director now owns 34,266 shares of the company’s stock, valued at approximately $4,962,744.78. The disclosure for this sale can be found here. Insiders own 2.00% 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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