Tokio Marine Asset Management Co. Ltd. Has $741,000 Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,445 shares of the business services provider’s stock after purchasing an additional 62 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $741,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Broadridge Financial Solutions by 32.4% during the first quarter. Empowered Funds LLC now owns 1,922 shares of the business services provider’s stock worth $394,000 after acquiring an additional 470 shares during the last quarter. Sei Investments Co. lifted its position in Broadridge Financial Solutions by 4.1% during the 1st quarter. Sei Investments Co. now owns 19,637 shares of the business services provider’s stock valued at $4,021,000 after purchasing an additional 779 shares during the period. Intech Investment Management LLC boosted its stake in shares of Broadridge Financial Solutions by 173.1% in the 1st quarter. Intech Investment Management LLC now owns 12,211 shares of the business services provider’s stock valued at $2,502,000 after purchasing an additional 7,739 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Broadridge Financial Solutions by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock worth $2,866,238,000 after buying an additional 39,537 shares during the period. Finally, TIAA Trust National Association raised its stake in shares of Broadridge Financial Solutions by 1.0% during the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock worth $1,120,000 after buying an additional 52 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus target price of $217.83.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 162 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares of the company’s stock, valued at $14,126,070. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,696 shares of company stock valued at $24,782,982 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Performance

BR stock opened at $227.78 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $180.31 and a 1-year high of $230.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm has a market cap of $26.63 billion, a PE ratio of 39.41 and a beta of 1.05. The business’s 50-day moving average price is $215.95 and its two-hundred day moving average price is $208.02.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Broadridge Financial Solutions’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

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.