Advyzon Investment Management LLC Purchases Shares of 946 Broadridge Financial Solutions, Inc. (NYSE:BR)

Advyzon Investment Management LLC acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 946 shares of the business services provider’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Broadridge Financial Solutions during the third quarter worth approximately $44,746,000. Assenagon Asset Management S.A. grew its position in Broadridge Financial Solutions by 3,197.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock valued at $43,945,000 after purchasing an additional 198,169 shares during the period. Benjamin Edwards Inc. increased its stake in Broadridge Financial Solutions by 2,302.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock valued at $31,618,000 after purchasing an additional 140,886 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth $274,650,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Broadridge Financial Solutions by 97.7% in the third quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider’s stock valued at $42,765,000 after buying an additional 98,275 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $236.14 on Friday. The company has a market capitalization of $27.63 billion, a PE ratio of 36.95 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average price is $232.75 and its 200-day moving average price is $223.18. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the company earned $0.92 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BR. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. DA Davidson reissued a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $239.17.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,666 shares of company stock valued at $5,050,766. Company insiders own 1.30% of the company’s stock.

About Broadridge Financial Solutions

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.