FineMark National Bank & Trust decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,063 shares of the business services provider’s stock after selling 516 shares during the period. FineMark National Bank & Trust’s holdings in Broadridge Financial Solutions were worth $353,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BR. Robeco Institutional Asset Management B.V. grew its stake in shares of Broadridge Financial Solutions by 75.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,110,408 shares of the business services provider’s stock valued at $121,839,000 after buying an additional 479,306 shares during the period. Wells Fargo & Company MN grew its stake in shares of Broadridge Financial Solutions by 28.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,477,573 shares of the business services provider’s stock valued at $170,067,000 after buying an additional 330,694 shares during the period. Boston Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 387.4% in the 2nd quarter. Boston Advisors LLC now owns 383,801 shares of the business services provider’s stock valued at $44,175,000 after buying an additional 305,061 shares during the period. Acadian Asset Management LLC grew its stake in shares of Broadridge Financial Solutions by 82.1% in the 2nd quarter. Acadian Asset Management LLC now owns 571,884 shares of the business services provider’s stock valued at $65,823,000 after buying an additional 257,779 shares during the period. Finally, TD Asset Management Inc. grew its stake in shares of Broadridge Financial Solutions by 171.4% in the 2nd quarter. TD Asset Management Inc. now owns 266,786 shares of the business services provider’s stock valued at $30,707,000 after buying an additional 168,501 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions opened at $129.37 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.28 and a quick ratio of 1.57. The company has a market cap of $15.06 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.81 and a beta of 0.79. Broadridge Financial Solutions, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $131.21.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Broadridge Financial Solutions had a return on equity of 46.16% and a net margin of 9.88%. equities analysts forecast that Broadridge Financial Solutions, Inc. will post 4.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th will be given a dividend of $0.485 per share. The ex-dividend date is Monday, September 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.37. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 34.84%.

Several research firms have recently weighed in on BR. ValuEngine raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Wolfe Research began coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, July 17th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Finally, Sandler O’Neill reissued a “hold” rating and issued a $130.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $116.75.

In related news, VP Thomas P. Carey sold 16,000 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $116.18, for a total transaction of $1,858,880.00. Following the completion of the transaction, the vice president now owns 17,679 shares of the company’s stock, valued at approximately $2,053,946.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy C. Gokey sold 45,245 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $115.23, for a total transaction of $5,213,581.35. Following the transaction, the insider now directly owns 94,712 shares of the company’s stock, valued at approximately $10,913,663.76. The disclosure for this sale can be found here. Insiders have sold a total of 147,727 shares of company stock valued at $17,276,379 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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