Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Earnest Partners LLC

Earnest Partners LLC trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,688 shares of the business services provider's stock after selling 9,040 shares during the period. Earnest Partners LLC owned approximately 0.32% of Broadridge Financial Solutions worth $84,487,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BR. Aquatic Capital Management LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $2,393,000. Susquehanna Fundamental Investments LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $10,543,000. Virtus ETF Advisers LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $1,218,000. Coldstream Capital Management Inc. lifted its holdings in shares of Broadridge Financial Solutions by 8.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,571 shares of the business services provider's stock valued at $2,842,000 after buying an additional 959 shares during the period. Finally, Nebula Research & Development LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $553,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares in the company, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 95,956 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,754 shares of company stock worth $29,397,793. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus price target of $241.00.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded up $5.26 during mid-day trading on Friday, hitting $233.27. 290,205 shares of the company were exchanged, compared to its average volume of 530,578. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $247.01. The company has a market capitalization of $27.30 billion, a P/E ratio of 36.50 and a beta of 1.06. The business's 50 day simple moving average is $234.55 and its two-hundred day simple moving average 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 announced its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $2.23 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

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

Broadridge Financial Solutions 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.