Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $61.80 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,566 shares of the business services provider's stock after selling 5,504 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.22% of Broadridge Financial Solutions worth $61,798,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Broadridge Financial Solutions by 0.5% in the fourth 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 increased its stake in Broadridge Financial Solutions by 50.0% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position in Broadridge Financial Solutions by 1.2% during the 4th 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Broadridge Financial Solutions by 2.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,649,761 shares of the business services provider's stock worth $378,175,000 after buying an additional 43,533 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. Barclays PLC now owns 1,648,527 shares of the business services provider's stock worth $372,713,000 after buying an additional 40,506 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Activity

In other news, Director Pamela L. Carter sold 4,829 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $242.23, for a total value of $1,169,728.67. Following the transaction, the director now owns 7,242 shares of the company's stock, valued at approximately $1,754,229.66. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hope M. Jarkowski sold 1,068 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total value of $251,214.96. Following the transaction, the insider now owns 1,070 shares in the company, valued at approximately $251,685.40. This trade represents a 49.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,116 shares of company stock valued at $4,352,298 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Up 0.6%

Broadridge Financial Solutions stock opened at $239.49 on Friday. The stock has a 50-day simple moving average of $238.69 and a 200 day simple moving average of $235.31. The stock has a market capitalization of $28.13 billion, a P/E ratio of 36.01 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32. 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 released its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The business's revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $2.23 earnings per share. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Analysts Set New Price Targets

BR has been the topic of a number of recent research reports. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $259.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and an average target price of $250.83.

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.

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