Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,830 shares of the business services provider’s stock after purchasing an additional 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Broadridge Financial Solutions were worth $10,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BR. True Wealth Design LLC grew its position in shares of Broadridge Financial Solutions by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after acquiring an additional 142 shares during the last quarter. Fortitude Family Office LLC grew its position in Broadridge Financial Solutions by 246.7% in the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after buying an additional 111 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at about $38,000. Global X Japan Co. Ltd. acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $41,000. Finally, FSA Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at about $39,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $215.00 price objective 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 stock. According to data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and a consensus price target of $239.17.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $241.26 on Friday. The company has a 50 day simple moving average of $233.55 and a 200-day simple moving average of $223.96. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $28.23 billion, a price-to-earnings ratio of 37.76 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period last year, the business earned $0.92 earnings per share. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the transaction, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert N. Duelks sold 485 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now owns 4,960 shares in the company, valued at approximately $1,180,132.80. The trade was a 8.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,151 shares of company stock worth $5,166,162 over the last 90 days. Insiders own 1.30% of the company’s stock.

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.