Sentry Investment Management LLC Lowers Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Sentry Investment Management LLC lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440 shares of the business services provider’s stock after selling 72 shares during the quarter. Sentry Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Broadridge Financial Solutions by 87.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,985 shares of the business services provider’s stock worth $3,177,000 after buying an additional 7,006 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth about $222,000. Nisa Investment Advisors LLC raised its position in Broadridge Financial Solutions by 4.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 43,137 shares of the business services provider’s stock worth $9,314,000 after buying an additional 1,825 shares during the last quarter. MONECO Advisors LLC raised its position in Broadridge Financial Solutions by 4.4% in the 3rd quarter. MONECO Advisors LLC now owns 1,566 shares of the business services provider’s stock worth $337,000 after buying an additional 66 shares during the last quarter. Finally, Avitas Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth about $1,129,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the transaction, the director now directly owns 15,536 shares in the company, valued at $3,734,854.40. This represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now owns 12,146 shares of the company’s stock, valued at $2,797,466.72. The trade was a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,666 shares of company stock worth $5,050,766. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Down 0.1 %

Shares of NYSE:BR opened at $236.58 on Thursday. The stock has a 50 day moving average of $233.29 and a 200 day moving average of $223.87. The company has a market cap of $27.68 billion, a PE ratio of 37.02 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Analyst Ratings Changes

A number of equities analysts have weighed in on BR shares. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. UBS Group boosted their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, DA Davidson restated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $239.17.

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.