UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $235.84 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,126 shares of the business services provider's stock after acquiring an additional 138,207 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.89% of Broadridge Financial Solutions worth $235,840,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $36,000. Global X Japan Co. Ltd. acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $41,000. Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $45,000. Finally, Promus Capital LLC acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $52,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 22,357 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now directly owns 52,524 shares of the company's stock, valued at $12,355,220.52. This represents a 29.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 3,607 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total transaction of $855,796.82. Following the completion of the sale, the vice president now directly owns 6,077 shares of the company's stock, valued at approximately $1,441,829.02. This trade represents a 37.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,302 shares of company stock valued at $30,242,095 in the last ninety days. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on BR shares. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. UBS Group lifted their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Morgan Stanley lifted their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $250.83.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded down $0.18 during trading hours on Wednesday, hitting $239.81. 81,497 shares of the stock were exchanged, compared to its average volume of 528,968. 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 company's 50 day moving average is $235.56 and its 200 day moving average is $233.87. The firm has a market capitalization of $28.17 billion, a P/E ratio of 37.53 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01.

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

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

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.