Asset Management One Co. Ltd. Acquires 1,559 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Asset Management One Co. Ltd. increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,528 shares of the business services provider's stock after acquiring an additional 1,559 shares during the period. Asset Management One Co. Ltd.'s holdings in Broadridge Financial Solutions were worth $12,978,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BR. Curio Wealth LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $45,000. CWA Asset Management Group LLC grew its holdings in Broadridge Financial Solutions by 6.8% during the first quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after purchasing an additional 87 shares during the period. Exchange Traded Concepts LLC grew its holdings in Broadridge Financial Solutions by 12.3% during the first quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock valued at $159,000 after purchasing an additional 72 shares during the period. Brighton Jones LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $580,000. Finally, Proficio Capital Partners LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $25,773,000. Institutional investors own 90.03% of the company's stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the sale, the insider now directly owns 21,167 shares in the company, valued at $5,070,554.85. This represents a 19.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director now owns 30,892 shares in the company, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,116 shares of company stock worth $4,352,298. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $0.42 during mid-day trading on Friday, reaching $239.59. The company's stock had a trading volume of 527,705 shares, compared to its average volume of 525,377. The firm has a market capitalization of $28.14 billion, a PE ratio of 36.03 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a fifty day moving average of $238.69 and a two-hundred day moving average of $235.31. Broadridge Financial Solutions, Inc. has a 52 week low of $195.64 and a 52 week high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. The company 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 44.82% and a net margin of 11.65%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 earnings per share. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Analyst Upgrades and Downgrades

BR has been the subject of several recent research reports. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $250.83.

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.