Broadridge Financial Solutions, Inc. (BR) Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,600 shares of the business services provider’s stock after selling 16,400 shares during the quarter. Schroder Investment Management Group’s holdings in Broadridge Financial Solutions were worth $4,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC raised its position in Broadridge Financial Solutions by 82.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares during the last quarter. Wendell David Associates Inc. raised its position in Broadridge Financial Solutions by 9.3% in the 3rd quarter. Wendell David Associates Inc. now owns 71,316 shares of the business services provider’s stock worth $5,764,000 after buying an additional 6,043 shares during the last quarter. Janus Henderson Group PLC raised its position in Broadridge Financial Solutions by 1,647.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after buying an additional 6,770,958 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth about $296,000. Finally, Tredje AP fonden raised its position in Broadridge Financial Solutions by 15.2% in the 2nd quarter. Tredje AP fonden now owns 30,180 shares of the business services provider’s stock worth $2,290,000 after buying an additional 3,990 shares during the last quarter. 83.55% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on BR. Barclays reissued a “hold” rating and issued a $95.00 target price on shares of Broadridge Financial Solutions in a research report on Friday. DA Davidson restated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Finally, BidaskClub upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $90.50.

In other news, Director Richard J. Haviland sold 7,655 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the sale, the director now directly owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schifellite sold 49,181 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares in the company, valued at $13,347,224.07. The disclosure for this sale can be found here. Insiders sold a total of 150,875 shares of company stock valued at $12,784,264 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions, Inc. (BR) opened at $89.80 on Tuesday. The stock has a market capitalization of $10,434.95, a P/E ratio of 26.89, a P/E/G ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions, Inc. has a 52 week low of $64.57 and a 52 week high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. research analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 1.63%. Broadridge Financial Solutions’s payout ratio is 50.87%.

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Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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