DekaBank Deutsche Girozentrale Boosts Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

DekaBank Deutsche Girozentrale lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,494 shares of the business services provider’s stock after buying an additional 2,685 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Broadridge Financial Solutions were worth $11,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New England Research & Management Inc. purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $1,465,000. Bank of Nova Scotia increased its position in Broadridge Financial Solutions by 642.3% during the 4th quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider’s stock worth $16,707,000 after purchasing an additional 70,263 shares in the last quarter. Crown Oak Advisors LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at about $7,032,000. UBS Group AG lifted its holdings in Broadridge Financial Solutions by 8.2% in the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after purchasing an additional 14,147 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $227,750,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the sale, the director now directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert N. Duelks sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the sale, the director now directly owns 22,588 shares in the company, valued at approximately $4,473,779.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the completion of the transaction, the vice president now owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BR shares. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $239.00 target price on shares of Broadridge Financial Solutions in a research note on Friday, June 28th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions Trading Up 0.5 %

NYSE:BR traded up $1.02 during trading hours on Friday, reaching $215.97. 655,878 shares of the company were exchanged, compared to its average volume of 472,736. The firm has a market cap of $25.52 billion, a price-to-earnings ratio of 36.86 and a beta of 1.04. The stock has a 50 day simple moving average of $202.06 and a 200 day simple moving average of $201.03. Broadridge Financial Solutions, Inc. has a 52-week low of $164.99 and a 52-week high of $216.86. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.01). Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $2.05 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Broadridge Financial Solutions 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.