Core Alternative Capital Has $6.46 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Core Alternative Capital trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 18.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,656 shares of the business services provider's stock after selling 5,971 shares during the period. Broadridge Financial Solutions makes up approximately 1.6% of Core Alternative Capital's investment portfolio, making the stock its 22nd largest position. Core Alternative Capital's holdings in Broadridge Financial Solutions were worth $6,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Broadridge Financial Solutions by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider's stock valued at $3,231,904,000 after purchasing an additional 74,674 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Broadridge Financial Solutions by 50.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after buying an additional 1,186,555 shares in the last quarter. Geode Capital Management LLC boosted its position in Broadridge Financial Solutions by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,037,015 shares of the business services provider's stock valued at $684,971,000 after buying an additional 37,141 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Broadridge Financial Solutions by 2.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,649,761 shares of the business services provider's stock valued at $378,175,000 after buying an additional 43,533 shares in the last quarter. Finally, Barclays PLC boosted its position in Broadridge Financial Solutions by 2.5% in the fourth quarter. Barclays PLC now owns 1,648,527 shares of the business services provider's stock valued at $372,713,000 after buying an additional 40,506 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 3,607 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total transaction of $855,796.82. Following the transaction, the vice president owned 6,077 shares in the company, valued at approximately $1,441,829.02. This represents a 37.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela L. Carter sold 4,829 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were 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 in the company, valued at $1,754,229.66. This represents a 40.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,116 shares of company stock worth $4,352,298 over the last three months. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Down 0.7%

BR stock traded down $1.81 during trading on Monday, hitting $240.32. The company had a trading volume of 384,781 shares, compared to its average volume of 527,510. The stock has a market cap of $28.23 billion, a PE ratio of 36.14 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $198.71 and a one year high of $247.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average of $239.52 and a 200-day moving average of $235.90.

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

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is 52.93%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating and three have issued 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 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.