Broadridge Financial Solutions, Inc. $BR Position Increased by Groupe la Francaise

Groupe la Francaise increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,925 shares of the business services provider’s stock after purchasing an additional 3,584 shares during the quarter. Groupe la Francaise’s holdings in Broadridge Financial Solutions were worth $5,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $580,000. Arkadios Wealth Advisors purchased a new stake in Broadridge Financial Solutions in the 1st quarter worth about $244,000. Jefferies Financial Group Inc. boosted its position in Broadridge Financial Solutions by 5.7% during the 1st quarter. Jefferies Financial Group Inc. now owns 3,381 shares of the business services provider’s stock worth $820,000 after acquiring an additional 183 shares during the period. Raiffeisen Bank International AG purchased a new position in Broadridge Financial Solutions during the 1st quarter valued at about $349,000. Finally, iA Global Asset Management Inc. purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at $222,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Broadridge Financial Solutions news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the transaction, the president directly owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

BR stock opened at $230.33 on Thursday. Broadridge Financial Solutions, Inc. has a twelve month low of $212.33 and a twelve month high of $271.91. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $26.89 billion, a P/E ratio of 29.49 and a beta of 0.99. The business’s fifty day moving average is $228.80 and its 200-day moving average is $240.47.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The business had revenue of $1.05 billion during the quarter. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.975 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio is currently 49.94%.

Analysts Set New Price Targets

A number of analysts have issued reports on BR shares. DA Davidson reiterated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, October 28th. Needham & Company LLC upped their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday. Finally, Morgan Stanley cut their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $259.83.

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.