Pennsylvania Trust Co increased its position in shares of Broadridge Financial Solutions Inc. (NYSE:BR) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,573 shares of the company’s stock after buying an additional 993 shares during the period. Pennsylvania Trust Co owned about 0.10% of Broadridge Financial Solutions worth $8,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of Broadridge Financial Solutions by 6.2% in the first quarter. Arizona State Retirement System now owns 65,238 shares of the company’s stock valued at $3,869,000 after buying an additional 3,800 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Broadridge Financial Solutions by 57.1% in the first quarter. Squarepoint Ops LLC now owns 20,810 shares of the company’s stock valued at $1,235,000 after buying an additional 7,560 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Broadridge Financial Solutions by 3.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,178 shares of the company’s stock valued at $782,000 after buying an additional 449 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Broadridge Financial Solutions by 5.5% in the second quarter. BNP Paribas Arbitrage SA now owns 61,804 shares of the company’s stock valued at $4,030,000 after buying an additional 3,205 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of Broadridge Financial Solutions by 214.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,125 shares of the company’s stock valued at $139,000 after buying an additional 1,450 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

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

Shares of Broadridge Financial Solutions Inc. (NYSE:BR) traded up 1.29% during mid-day trading on Tuesday, reaching $66.79. The company’s stock had a trading volume of 255,410 shares. The company’s 50-day moving average is $64.38 and its 200 day moving average is $66.13. The firm has a market capitalization of $7.95 billion, a P/E ratio of 26.40 and a beta of 1.10. Broadridge Financial Solutions Inc. has a 1-year low of $48.56 and a 1-year high of $71.74.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. Broadridge Financial Solutions had a return on equity of 34.10% and a net margin of 9.62%. The business earned $895 million during the quarter, compared to the consensus estimate of $880.41 million. During the same period last year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 50.4% compared to the same quarter last year. On average, analysts expect that Broadridge Financial Solutions Inc. will post $3.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 52.17%.

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Several brokerages recently commented on BR. Barclays PLC boosted their price target on Broadridge Financial Solutions from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 10th. Atlantic Securities began coverage on Broadridge Financial Solutions in a research report on Tuesday, September 13th. They set an “overweight” rating and a $82.00 price target for the company. Zacks Investment Research cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Sandler O’Neill cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price target for the company. in a research report on Thursday, September 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.60.

In other Broadridge Financial Solutions news, Director Leslie A. Brun sold 7,925 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $62.66, for a total transaction of $496,580.50. Following the completion of the transaction, the director now directly owns 30,622 shares of the company’s stock, valued at approximately $1,918,774.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stuart R. Levine sold 8,170 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $64.98, for a total value of $530,886.60. Following the transaction, the director now directly owns 35,130 shares of the company’s stock, valued at $2,282,747.40. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

About Broadridge Financial Solutions

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.

5 Day Chart for NYSE:BR

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