Broadridge Financial Solutions, Inc. (NYSE:BR) Stake Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,771 shares of the business services provider's stock after acquiring an additional 1,396 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of Broadridge Financial Solutions worth $14,492,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $580,000. Sigma Planning Corp acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $216,000. Lake Street Advisors Group LLC purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $233,000. New York Life Investment Management LLC raised its holdings in Broadridge Financial Solutions by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 17,404 shares of the business services provider's stock valued at $3,935,000 after buying an additional 70 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Broadridge Financial Solutions by 1.6% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 45,830 shares of the business services provider's stock valued at $10,362,000 after buying an additional 700 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BR has been the topic of a number of research reports. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $250.83.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,068 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the sale, the insider directly owned 1,070 shares of the company's stock, valued at approximately $251,685.40. This represents a 49.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pamela L. Carter sold 4,829 shares of the firm's stock in a transaction 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 owned 7,242 shares in the company, valued at $1,754,229.66. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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 corporate insiders.

Broadridge Financial Solutions Stock Down 2.5%

BR traded down $6.20 during trading hours on Wednesday, reaching $238.53. 545,647 shares of the stock traded hands, compared to its average volume of 524,915. Broadridge Financial Solutions, Inc. has a fifty-two week low of $196.43 and a fifty-two week high of $247.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 35.86 and a beta of 0.95. The firm's fifty day simple moving average is $239.25 and its two-hundred day simple moving average is $235.46.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its 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. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company earned $2.23 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. 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.