Universal Beteiligungs und Servicegesellschaft mbH Sells 7,331 Shares of Broadridge Financial Solutions, Inc. $BR

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,695 shares of the business services provider’s stock after selling 7,331 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Broadridge Financial Solutions worth $25,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Broadridge Financial Solutions by 28,222.6% in the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock valued at $230,254,000 after acquiring an additional 946,304 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Broadridge Financial Solutions by 577.9% in the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after purchasing an additional 883,125 shares during the last quarter. Vanguard Group Inc. raised its stake in Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after purchasing an additional 438,381 shares in the last quarter. Nuveen LLC bought a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $91,445,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $53,467,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $224.72 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. Broadridge Financial Solutions, Inc. has a fifty-two week low of $212.33 and a fifty-two week high of $271.91. The firm has a market cap of $26.23 billion, a PE ratio of 28.77 and a beta of 0.96. The business has a 50 day moving average price of $233.22 and a 200-day moving average price of $241.26.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The business had revenue of $1.05 billion during the quarter. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio is presently 49.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BR shares. Needham & Company LLC upped their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. DA Davidson reiterated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. UBS Group dropped their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Tuesday, November 11th. Finally, Morgan Stanley lowered their price objective on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $259.83.

Insiders Place Their Bets

In other news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the sale, the chief executive officer directly owned 143,285 shares in the company, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.