Bronfman E.L. Rothschild L.P. trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,897 shares of the business services provider’s stock after selling 394 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Broadridge Financial Solutions were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of Broadridge Financial Solutions by 117.3% in the 4th quarter. Whittier Trust Co. now owns 289 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 156 shares during the last quarter. CX Institutional bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $41,000. Laurel Wealth Advisors LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $52,000. Quantamental Technologies LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $79,000. Finally, Webster Bank N. A. increased its holdings in shares of Broadridge Financial Solutions by 17.9% in the 4th quarter. Webster Bank N. A. now owns 843 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Rosenblatt Securities assumed coverage on Broadridge Financial Solutions in a report on Wednesday, December 5th. They issued a “neutral” rating and a $110.00 price target for the company. Raymond James upgraded Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Wednesday, March 13th. DA Davidson upgraded Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price target for the company in a report on Friday, February 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $110.00 price target on shares of Broadridge Financial Solutions in a report on Sunday, January 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Broadridge Financial Solutions presently has a consensus rating of “Buy” and an average price target of $118.67.

Shares of BR opened at $101.76 on Thursday. The firm has a market cap of $11.91 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.23 and a beta of 0.84. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. Broadridge Financial Solutions, Inc. has a 12 month low of $91.34 and a 12 month high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.15). The company had revenue of $953.40 million for the quarter, compared to the consensus estimate of $967.21 million. Broadridge Financial Solutions had a return on equity of 43.95% and a net margin of 10.25%. Broadridge Financial Solutions’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 4.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Friday, March 15th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 1.91%. Broadridge Financial Solutions’s payout ratio is currently 46.30%.

In related news, Director Alan J. Weber sold 1,980 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $100.36, for a total transaction of $198,712.80. Following the completion of the transaction, the director now directly owns 51,588 shares in the company, valued at approximately $5,177,371.68. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

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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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