Dynamic Advisor Solutions LLC Has $337,000 Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Dynamic Advisor Solutions LLC reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,491 shares of the business services provider’s stock after selling 56 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Broadridge Financial Solutions were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BR. Sei Investments Co. grew its holdings in shares of Broadridge Financial Solutions by 22.7% during the second quarter. Sei Investments Co. now owns 24,102 shares of the business services provider’s stock valued at $4,749,000 after buying an additional 4,465 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Broadridge Financial Solutions by 79.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,640 shares of the business services provider’s stock worth $914,000 after purchasing an additional 2,060 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Broadridge Financial Solutions by 14.9% in the second quarter. AQR Capital Management LLC now owns 65,706 shares of the business services provider’s stock worth $12,944,000 after purchasing an additional 8,527 shares during the last quarter. MBB Public Markets I LLC lifted its holdings in shares of Broadridge Financial Solutions by 516.8% in the second quarter. MBB Public Markets I LLC now owns 8,209 shares of the business services provider’s stock valued at $1,617,000 after purchasing an additional 6,878 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Broadridge Financial Solutions by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 71,573 shares of the business services provider’s stock valued at $14,100,000 after buying an additional 524 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BR has been the topic of several recent analyst reports. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. UBS Group initiated coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price on the stock. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $226.71.

Insider Activity

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock valued at $12,264,846 over the last quarter. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.9 %

NYSE:BR opened at $239.53 on Tuesday. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $241.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm’s 50 day moving average is $230.40 and its 200 day moving average is $219.48. The stock has a market capitalization of $28.00 billion, a PE ratio of 41.44 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. Broadridge Financial Solutions’s payout ratio is 60.90%.

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.