Swiss National Bank grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 843,900 shares of the business services provider’s stock after buying an additional 5,000 shares during the quarter. Swiss National Bank owned 724,129.05% of Broadridge Financial Solutions worth $68,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its position in Broadridge Financial Solutions by 0.7% during the 2nd quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock worth $916,871,000 after buying an additional 79,827 shares during the last quarter. Janus Henderson Group PLC raised its position in 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 worth $542,669,000 after buying an additional 6,770,958 shares during the last quarter. Bank of New York Mellon Corp raised its position in Broadridge Financial Solutions by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock worth $184,239,000 after buying an additional 10,182 shares during the last quarter. Principal Financial Group Inc. raised its position in Broadridge Financial Solutions by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock worth $118,123,000 after buying an additional 53,439 shares during the last quarter. Finally, Northern Trust Corp raised its position in Broadridge Financial Solutions by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,437,887 shares of the business services provider’s stock worth $108,647,000 after buying an additional 10,569 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

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BR has been the topic of a number of recent analyst reports. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC upped their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, DA Davidson reaffirmed a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research note on Thursday.

Broadridge Financial Solutions, Inc. (BR) opened at $88.45 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions, Inc. has a 12 month low of $60.25 and a 12 month high of $91.75. The firm has a market cap of $10,310.00, a price-to-earnings ratio of 26.56, a PEG ratio of 2.38 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. During the same period in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

In related news, insider Richard J. Daly sold 94,039 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam D. Amsterdam sold 17,813 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the completion of the sale, the insider now directly owns 20,646 shares in the company, valued at $1,588,916.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,720 shares of company stock worth $9,679,916. Corporate insiders own 2.60% of the company’s stock.

Broadridge Financial Solutions 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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