Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Position Raised 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 position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,682 shares of the business services provider's stock after purchasing an additional 4,638 shares during the period. Natixis Advisors LLC owned 0.10% of Broadridge Financial Solutions worth $28,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth $580,000. Schroder Investment Management Group boosted its holdings in Broadridge Financial Solutions by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 39,584 shares of the business services provider's stock worth $8,926,000 after buying an additional 1,378 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Broadridge Financial Solutions by 28.4% during the fourth quarter. Wellington Management Group LLP now owns 4,636 shares of the business services provider's stock worth $1,048,000 after buying an additional 1,026 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Broadridge Financial Solutions by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,037,015 shares of the business services provider's stock worth $684,971,000 after buying an additional 37,141 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its holdings in Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider's stock worth $224,000 after buying an additional 46 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Pamela L. Carter sold 4,829 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the transaction, the director owned 7,242 shares of the company's stock, valued at $1,754,229.66. The trade was a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total value of $1,211,164.80. Following the transaction, the insider directly owned 21,167 shares in the company, valued at approximately $5,070,554.85. This trade represents a 19.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,048 shares of company stock worth $4,101,083. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Up 0.8%

Shares of BR stock traded up $2.10 on Wednesday, reaching $267.43. 697,686 shares of the company's stock traded hands, compared to its average volume of 578,928. Broadridge Financial Solutions, Inc. has a 12-month low of $206.29 and a 12-month high of $269.14. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $31.41 billion, a P/E ratio of 40.20 and a beta of 0.94. The business's 50 day moving average price is $242.14 and its two-hundred day moving average price is $238.28.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The business's revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 1.5%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's payout ratio is 52.93%.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday. Needham & Company LLC raised their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $258.17.

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.