Metis Global Partners LLC Sells 478 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Metis Global Partners LLC trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,468 shares of the business services provider’s stock after selling 478 shares during the quarter. Metis Global Partners LLC’s holdings in Broadridge Financial Solutions were worth $1,331,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Broadridge Financial Solutions by 680.1% during the 4th quarter. Nordea Investment Management AB now owns 85,325 shares of the business services provider’s stock valued at $17,584,000 after acquiring an additional 74,387 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $227,750,000. Crown Oak Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $7,032,000. Comerica Bank acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth $8,116,000. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $1,089,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI reissued an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Raymond James increased their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $206.67.

Insider Activity

In other news, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the sale, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert N. Duelks sold 830 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the transaction, the vice president now directly owns 13,303 shares in the company, valued at $2,674,169.06. The disclosure for this sale can be found here. Insiders sold 25,761 shares of company stock worth $5,223,959 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Trading Down 5.4 %

NYSE BR opened at $190.46 on Thursday. The stock has a market capitalization of $22.43 billion, a P/E ratio of 33.18 and a beta of 0.98. The business has a 50 day simple moving average of $200.07 and a 200 day simple moving average of $195.62. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. Broadridge Financial Solutions, Inc. has a one year low of $144.54 and a one year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. Broadridge Financial Solutions’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.68%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.75%.

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.