MBB Public Markets I LLC Has $1.62 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

MBB Public Markets I LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 516.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,209 shares of the business services provider’s stock after buying an additional 6,878 shares during the period. MBB Public Markets I LLC’s holdings in Broadridge Financial Solutions were worth $1,617,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BR. New England Research & Management Inc. bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $1,465,000. Bank of Nova Scotia boosted its position in Broadridge Financial Solutions by 642.3% in the fourth quarter. Bank of Nova Scotia now owns 81,202 shares of the business services provider’s stock valued at $16,707,000 after buying an additional 70,263 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Broadridge Financial Solutions by 108.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 83,923 shares of the business services provider’s stock valued at $17,192,000 after buying an additional 43,710 shares in the last quarter. Tidal Investments LLC boosted its position in Broadridge Financial Solutions by 99.6% in the first quarter. Tidal Investments LLC now owns 17,707 shares of the business services provider’s stock valued at $3,627,000 after buying an additional 8,837 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Broadridge Financial Solutions by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after buying an additional 110,886 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $212.03 on Monday. The company’s 50 day moving average is $210.87 and its 200-day moving average is $203.61. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $223.81. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The firm has a market cap of $25.06 billion, a P/E ratio of 36.18 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. Broadridge Financial Solutions’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.21 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the sale, the chief executive officer now owns 200,675 shares in the company, valued at $41,963,149.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Christopher John Perry sold 31,539 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the sale, the president now directly owns 67,215 shares of the company’s stock, valued at $13,938,374.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 25,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the sale, the chief executive officer now directly owns 200,675 shares in the company, valued at $41,963,149.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,386 shares of company stock valued at $28,112,824. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BR shares. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. Royal Bank of Canada lifted their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target of $213.33.

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.