Axa S.A. Has $15.73 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

AXA S.A. raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 26.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,554 shares of the business services provider's stock after acquiring an additional 14,703 shares during the quarter. AXA S.A. owned approximately 0.06% of Broadridge Financial Solutions worth $15,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Adero Partners LLC increased its position in Broadridge Financial Solutions by 2.5% in the 4th quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock worth $415,000 after purchasing an additional 45 shares during the last quarter. Sunburst Financial Group LLC increased its stake in shares of Broadridge Financial Solutions by 4.8% during the 4th quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock worth $229,000 after purchasing an additional 46 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in shares of Broadridge Financial Solutions by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider's stock valued at $224,000 after purchasing an additional 46 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of Broadridge Financial Solutions by 3.5% in the fourth quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider's stock worth $326,000 after buying an additional 49 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of Broadridge Financial Solutions by 3.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock worth $345,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

BR has been the subject of several research analyst reports. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Needham & Company LLC initiated coverage on shares of Broadridge Financial Solutions in a report on Tuesday. They issued a "buy" rating and a $300.00 target price on the stock. DA Davidson reissued a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $250.83.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares of the company's stock, valued at $39,973,188.84. This represents a 36.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hope M. Jarkowski sold 1,068 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total value of $251,214.96. Following the sale, the insider now directly owns 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,866 shares of company stock worth $28,216,569 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Up 0.4 %

Shares of BR traded up $0.92 during midday trading on Friday, hitting $236.92. The stock had a trading volume of 400,421 shares, compared to its average volume of 532,480. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a twelve month low of $190.47 and a twelve month high of $247.01. The company has a 50 day simple moving average of $234.05 and a two-hundred day simple moving average of $231.64.

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

Broadridge Financial Solutions Company Profile

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.