Siemens Fonds Invest GmbH Sells 7,882 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Siemens Fonds Invest GmbH lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,447 shares of the business services provider's stock after selling 7,882 shares during the period. Siemens Fonds Invest GmbH's holdings in Broadridge Financial Solutions were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Broadridge Financial Solutions by 38.3% in the fourth quarter. Royal Bank of Canada now owns 333,649 shares of the business services provider's stock valued at $75,435,000 after acquiring an additional 92,365 shares during the period. Rafferty Asset Management LLC grew its position in shares of Broadridge Financial Solutions by 11.5% in the 4th quarter. Rafferty Asset Management LLC now owns 10,913 shares of the business services provider's stock valued at $2,467,000 after purchasing an additional 1,127 shares during the period. Prana Capital Management LP bought a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $4,622,000. Quantinno Capital Management LP raised its holdings in Broadridge Financial Solutions by 34.7% during the 4th quarter. Quantinno Capital Management LP now owns 15,816 shares of the business services provider's stock worth $3,576,000 after buying an additional 4,071 shares during the period. Finally, Mufg Securities Americas Inc. bought a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $390,000. Institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now owns 4,960 shares of the company's stock, valued at approximately $1,180,132.80. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the vice president now owns 6,077 shares in the company, valued at $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 have sold a total of 128,302 shares of company stock worth $30,242,095 over the last ninety days. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

BR has been the subject of several research reports. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday. Finally, Morgan Stanley boosted their target price on 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $250.83.

Broadridge Financial Solutions Stock Performance

NYSE BR traded down $1.22 on Thursday, hitting $237.87. 394,659 shares of the stock were exchanged, compared to its average volume of 531,320. The company has a market capitalization of $27.94 billion, a PE ratio of 37.23 and a beta of 0.98. 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 business's fifty day moving average is $235.14 and its 200 day moving average is $233.23. Broadridge Financial Solutions, Inc. has a 52 week low of $192.68 and a 52 week high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $2.23 EPS. Broadridge Financial Solutions's revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal 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 given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 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.