Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,200 shares of the business services provider’s stock, valued at approximately $1,548,000.

A number of other hedge funds have also recently made changes to their positions in BR. NBC Securities Inc. lifted its holdings 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 purchasing an additional 45 shares in the last quarter. Avestar Capital LLC raised its position in shares of Broadridge Financial Solutions by 4.0% during the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock valued at $268,000 after buying an additional 48 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Broadridge Financial Solutions by 0.5% in the second 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 in the last quarter. Garrison Asset Management LLC boosted its position in shares of Broadridge Financial Solutions by 0.3% during the second quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider’s stock worth $3,535,000 after acquiring an additional 50 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in Broadridge Financial Solutions by 2.5% during the second quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

BR has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note 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, UBS Group started coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $222.43.

Broadridge Financial Solutions Trading Up 0.1 %

BR stock opened at $236.02 on Monday. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.74. The stock has a market capitalization of $27.59 billion, a price-to-earnings ratio of 40.83 and a beta of 1.05. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $220.06 and its two-hundred day simple moving average is $210.54.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 17,534 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the sale, the president now owns 50,237 shares in the company, valued at approximately $10,721,078.17. The trade was a 25.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard J. Daly sold 21,938 shares of Broadridge Financial Solutions stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.66, for a total value of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares of the company’s stock, valued at approximately $21,823,820.04. This trade represents a 17.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,294 shares of company stock valued at $16,944,095 in the last quarter. 1.30% of the stock is owned by insiders.

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.