Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has increased its stake in Broadridge Financial Solutions by 4.1%, owning approximately 0.10% of the company after buying an additional 4,638 shares, valued at around $28.5 million.
• Several institutional investors significantly boosted their holdings, with Price T Rowe Associates increasing its stake by 50% and GAMMA Investing LLC raising its stake by over 31,000% in the first quarter.
• Broadridge Financial Solutions recently announced a quarterly dividend of $0.88 per share, with a 1.4% dividend yield, reflecting a payout ratio of approximately 52.93%.

Natixis Advisors LLC increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,682 shares of the business services provider's stock after purchasing an additional 4,638 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of Broadridge Financial Solutions worth $28,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Broadridge Financial Solutions by 50.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock worth $804,952,000 after purchasing an additional 1,186,555 shares during the last quarter. GAMMA Investing LLC boosted its stake in Broadridge Financial Solutions by 31,011.4% in the 1st quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock worth $240,027,000 after buying an additional 986,782 shares during the last quarter. Northern Trust Corp grew its holdings in Broadridge Financial Solutions by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after buying an additional 314,323 shares during the period. Principal Financial Group Inc. increased its stake in shares of Broadridge Financial Solutions by 156.8% during the 1st quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider's stock valued at $98,155,000 after acquiring an additional 247,157 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Broadridge Financial Solutions by 6,362.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 233,685 shares of the business services provider's stock worth $52,834,000 after acquiring an additional 230,069 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Insiders Place Their Bets

In related news, insider Douglas Richard Deschutter sold 5,056 shares of the business'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 transaction, the insider directly owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. The trade was a 19.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the transaction, the director owned 30,892 shares of the company's stock, valued at approximately $7,509,227.36. This represents a 10.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,116 shares of company stock valued at $4,352,298. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $244.61 on Friday. The firm has a fifty day moving average of $241.40 and a 200-day moving average of $237.85. Broadridge Financial Solutions, Inc. has a 52-week low of $206.29 and a 52-week high of $257.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $28.73 billion, a P/E ratio of 36.78 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $2.23 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th were paid a $0.88 dividend. The ex-dividend date was Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 52.93%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BR shares. Royal Bank Of Canada restated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Needham & Company LLC started coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Finally, Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.

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