Metropolitan Life Insurance Co NY lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,606 shares of the business services provider’s stock after selling 327 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Broadridge Financial Solutions were worth $2,813,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BR. Harvest Group Wealth Management LLC boosted its stake in Broadridge Financial Solutions by 183.3% in the 2nd quarter. Harvest Group Wealth Management LLC now owns 221 shares of the business services provider’s stock valued at $28,000 after buying an additional 143 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Broadridge Financial Solutions during the third quarter worth $37,000. CSat Investment Advisory L.P. lifted its holdings in shares of Broadridge Financial Solutions by 35.9% during the second quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 92 shares during the period. Bridger Capital Management LLC bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at $52,000. Finally, HM Payson & Co. bought a new position in shares of Broadridge Financial Solutions during the second quarter valued at $57,000. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Richard J. Daly sold 86,386 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $127.23, for a total transaction of $10,990,890.78. Following the transaction, the chairman now owns 312,006 shares in the company, valued at approximately $39,696,523.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 2,258 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $128.69, for a total transaction of $290,582.02. Following the sale, the vice president now directly owns 1,990 shares in the company, valued at approximately $256,093.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,464 shares of company stock valued at $23,723,226. Corporate insiders own 2.20% of the company’s stock.

Separately, ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $129.20.

NYSE BR opened at $122.21 on Tuesday. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 26.23 and a beta of 0.67. The company has a 50 day moving average of $122.52 and a 200-day moving average of $126.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $136.99.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The firm had revenue of $949.00 million during the quarter, compared to the consensus estimate of $979.61 million. Broadridge Financial Solutions had a net margin of 10.63% and a return on equity of 46.28%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 5.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.16 dividend on an annualized basis and a yield of 1.77%. Broadridge Financial Solutions’s dividend payout ratio is 46.35%.

About Broadridge Financial Solutions

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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