Geneva Capital Management LLC Sells 12,238 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Geneva Capital Management LLC cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,604 shares of the business services provider’s stock after selling 12,238 shares during the quarter. Geneva Capital Management LLC owned about 0.08% of Broadridge Financial Solutions worth $21,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BR. Chicago Partners Investment Group LLC bought a new stake in shares of Broadridge Financial Solutions in the third quarter valued at $216,000. Van ECK Associates Corp grew its position in shares of Broadridge Financial Solutions by 11.0% in the third quarter. Van ECK Associates Corp now owns 20,967 shares of the business services provider’s stock valued at $4,536,000 after purchasing an additional 2,079 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Broadridge Financial Solutions by 14.4% in the third quarter. Asset Management One Co. Ltd. now owns 52,361 shares of the business services provider’s stock valued at $11,259,000 after purchasing an additional 6,608 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Broadridge Financial Solutions by 7.3% in the third quarter. QRG Capital Management Inc. now owns 7,293 shares of the business services provider’s stock valued at $1,568,000 after purchasing an additional 498 shares in the last quarter. Finally, United Advisor Group LLC grew its position in shares of Broadridge Financial Solutions by 13.8% in the third quarter. United Advisor Group LLC now owns 2,410 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 293 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 6,602 shares in the company, valued at approximately $1,595,043.20. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert N. Duelks sold 485 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now owns 4,960 shares of the company’s stock, valued at $1,180,132.80. The trade was a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,441 shares of company stock worth $1,547,835. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $242.34 on Thursday. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $246.58. The business has a 50-day simple moving average of $234.55 and a 200 day simple moving average of $224.86. 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 has a market cap of $28.36 billion, a price-to-earnings ratio of 37.93 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS 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 quarter in the previous year, the business earned $0.92 earnings per share. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Wall Street Analyst Weigh In

BR has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. DA Davidson reiterated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $239.17.

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.