Banco Bilbao Vizcaya Argentaria S.A. Lowers Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,520 shares of the business services provider's stock after selling 1,272 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Broadridge Financial Solutions were worth $2,152,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BR. Fortitude Family Office LLC lifted its stake in shares of Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at $41,000. Curio Wealth LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at about $45,000. Salem Investment Counselors Inc. grew its holdings in Broadridge Financial Solutions by 200.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock valued at $51,000 after buying an additional 150 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $52,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 2.1 %

BR traded up $4.69 during trading on Friday, reaching $232.70. The company had a trading volume of 231,040 shares, compared to its average volume of 530,352. The company has a market cap of $27.23 billion, a P/E ratio of 36.48 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $247.01. The business's fifty day moving average price is $234.55 and its 200 day moving average price is $231.13. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the business earned $2.23 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Insider Transactions at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 485 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the sale, the director now owns 4,960 shares of the company's stock, valued at approximately $1,180,132.80. This represents a 8.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the transaction, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. This trade represents a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,754 shares of company stock worth $29,397,793. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research reports. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, DA Davidson reissued a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $241.00.

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.