Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,497 shares of the business services provider’s stock after selling 3,598 shares during the period. Dearborn Partners LLC owned about 0.11% of Broadridge Financial Solutions worth $28,276,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BR. Empowered Funds LLC increased its stake in shares of Broadridge Financial Solutions by 32.4% in the first quarter. Empowered Funds LLC now owns 1,922 shares of the business services provider’s stock worth $394,000 after acquiring an additional 470 shares during the last quarter. Sei Investments Co. increased its position in Broadridge Financial Solutions by 4.1% in the 1st quarter. Sei Investments Co. now owns 19,637 shares of the business services provider’s stock worth $4,021,000 after purchasing an additional 779 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Broadridge Financial Solutions by 173.1% during the 1st quarter. Intech Investment Management LLC now owns 12,211 shares of the business services provider’s stock worth $2,502,000 after purchasing an additional 7,739 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Broadridge Financial Solutions by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock valued at $2,866,238,000 after buying an additional 39,537 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in Broadridge Financial Solutions by 1.0% in the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock worth $1,120,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.5 %

Shares of Broadridge Financial Solutions stock opened at $227.92 on Friday. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 39.43 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $180.16 and a 1 year high of $230.00. The company’s fifty day simple moving average is $215.55 and its 200-day simple moving average is $207.80. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. Broadridge Financial Solutions’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.54%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.90%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BR. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $217.83.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 162 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the sale, the president now owns 67,267 shares in the company, valued at approximately $14,126,070. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,696 shares of company stock worth $24,782,982 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

About Broadridge Financial Solutions

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.