B. Metzler seel. Sohn & Co. Holding AG Invests $44.75 Million in Broadridge Financial Solutions, Inc. (NYSE:BR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 208,090 shares of the business services provider’s stock, valued at approximately $44,746,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.18% of Broadridge Financial Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BR. NBC Securities Inc. lifted its position in Broadridge Financial Solutions by 0.8% in the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock worth $1,279,000 after buying an additional 45 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Broadridge Financial Solutions by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider’s stock worth $2,001,000 after buying an additional 50 shares during the last quarter. Garrison Asset Management LLC lifted its position in Broadridge Financial Solutions by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider’s stock worth $3,535,000 after buying an additional 50 shares during the last quarter. Brighton Jones LLC lifted its position in Broadridge Financial Solutions by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock worth $428,000 after buying an additional 52 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in Broadridge Financial Solutions by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 10,804 shares of the business services provider’s stock worth $2,128,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the sale, the director now directly owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Christopher John Perry sold 6,501 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $210.22, for a total value of $1,366,640.22. Following the completion of the sale, the president now directly owns 67,771 shares in the company, valued at approximately $14,246,819.62. The trade was a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,534 shares of company stock valued at $24,748,962. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

BR has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions Price Performance

BR opened at $227.08 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a 52-week low of $182.57 and a 52-week high of $230.00. The stock has a market capitalization of $26.54 billion, a PE ratio of 39.29 and a beta of 1.05. The stock’s 50 day moving average price is $216.28 and its 200-day moving average price is $208.45.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.