Capital International Investors Purchases 7,970 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Capital International Investors grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,061,983 shares of the business services provider’s stock after acquiring an additional 7,970 shares during the period. Capital International Investors owned 2.59% of Broadridge Financial Solutions worth $627,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BR. BKM Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $37,000. SG Americas Securities LLC grew its holdings in Broadridge Financial Solutions by 60.8% during the 4th quarter. SG Americas Securities LLC now owns 7,122 shares of the business services provider’s stock worth $1,465,000 after acquiring an additional 2,693 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth $72,000. Raymond James Financial Services Advisors Inc. grew its holdings in Broadridge Financial Solutions by 4.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 54,423 shares of the business services provider’s stock worth $11,198,000 after acquiring an additional 2,415 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Broadridge Financial Solutions by 11.9% during the 4th quarter. Pacer Advisors Inc. now owns 8,523 shares of the business services provider’s stock worth $1,754,000 after acquiring an additional 903 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 2.2 %

Shares of BR stock traded up $4.65 on Friday, hitting $212.72. The stock had a trading volume of 343,817 shares, compared to its average volume of 504,806. The firm has a market cap of $25.14 billion, a P/E ratio of 36.30 and a beta of 1.04. Broadridge Financial Solutions, Inc. has a twelve month low of $164.99 and a twelve month high of $213.24. The company has a fifty day moving average price of $200.77 and a two-hundred day moving average price of $200.60. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were given a dividend of $0.80 per share. The ex-dividend date was Friday, June 14th. This represents a $3.20 annualized dividend and a yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Analyst Ratings Changes

BR has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $239.00 price target on shares of Broadridge Financial Solutions in a report on Friday, June 28th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $206.67.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were 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 of the company’s stock, valued at approximately $4,473,779.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now directly owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,473,779.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.