UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 138,207 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 15.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,043,126 shares of the business services provider’s stock after purchasing an additional 138,207 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Broadridge Financial Solutions were worth $235,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Woodline Partners LP acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $2,092,000. Vident Advisory LLC grew its stake in Broadridge Financial Solutions by 9.9% in the 4th quarter. Vident Advisory LLC now owns 3,199 shares of the business services provider’s stock valued at $723,000 after buying an additional 287 shares during the last quarter. Vivaldi Capital Management LP grew its stake in Broadridge Financial Solutions by 4.8% in the 4th quarter. Vivaldi Capital Management LP now owns 1,796 shares of the business services provider’s stock valued at $430,000 after buying an additional 83 shares during the last quarter. Squarepoint Ops LLC grew its stake in Broadridge Financial Solutions by 252.2% in the 4th quarter. Squarepoint Ops LLC now owns 11,070 shares of the business services provider’s stock valued at $2,503,000 after buying an additional 7,927 shares during the last quarter. Finally, Texas Bank & Trust Co acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $249,000. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,068 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the completion of the transaction, the insider now directly owns 1,070 shares of the company’s stock, valued at $251,685.40. This trade represents a 49.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the transaction, the director now directly owns 4,960 shares of the company’s stock, valued at $1,180,132.80. This represents a 8.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,302 shares of company stock worth $30,242,095. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, May 6th. They issued a “buy” rating and a $300.00 price target on the stock. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average target price of $250.83.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $237.87 on Friday. 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 $27.94 billion, a price-to-earnings ratio of 37.23 and a beta of 0.98. The company’s fifty day moving average is $235.28 and its two-hundred day moving average is $233.43. Broadridge Financial Solutions, Inc. has a 52-week low of $192.68 and a 52-week high of $247.01.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $2.23 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast 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 Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 52.93%.

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.