Dimensional Fund Advisors LP Has $44.72 Million Position in Broadridge Financial Solutions, Inc. (BR)

Dimensional Fund Advisors LP increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 553,304 shares of the business services provider’s stock after purchasing an additional 3,986 shares during the quarter. Dimensional Fund Advisors LP owned 0.47% of Broadridge Financial Solutions worth $44,717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. Janus Henderson Group PLC increased its position in shares of Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after purchasing an additional 6,770,958 shares during the last quarter. Alta Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 133.0% during the 3rd quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock valued at $36,735,000 after purchasing an additional 259,450 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Broadridge Financial Solutions by 33.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock valued at $38,458,000 after purchasing an additional 127,434 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Broadridge Financial Solutions by 193.4% during the 2nd quarter. Macquarie Group Ltd. now owns 190,662 shares of the business services provider’s stock valued at $14,407,000 after purchasing an additional 125,686 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Broadridge Financial Solutions by 68.6% during the 3rd quarter. First Trust Advisors LP now owns 279,708 shares of the business services provider’s stock valued at $22,606,000 after purchasing an additional 113,768 shares during the last quarter. 83.50% of the stock is currently owned by hedge funds and other institutional investors.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total value of $677,544.05. Following the completion of the sale, the director now directly owns 44,482 shares in the company, valued at approximately $3,937,101.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Schifellite sold 49,181 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on BR shares. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays upped their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. DA Davidson reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Zacks Investment Research downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Six equities research analysts have rated the stock with a hold rating, Broadridge Financial Solutions presently has an average rating of “Hold” and an average price target of $90.50.

Broadridge Financial Solutions, Inc. (BR) opened at $94.04 on Tuesday. The company has a market capitalization of $10,960.60, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions, Inc. has a 12-month low of $65.35 and a 12-month high of $94.31.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same period in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts expect that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio is 50.87%.

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Broadridge Financial Solutions Company 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.

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

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