Siemens Fonds Invest GmbH Trims Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Siemens Fonds Invest GmbH lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 84.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,447 shares of the business services provider's stock after selling 7,882 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Broadridge Financial Solutions were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BR. Adero Partners LLC boosted its stake in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock worth $415,000 after acquiring an additional 45 shares in the last quarter. Sunburst Financial Group LLC boosted its stake in Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock worth $229,000 after buying an additional 46 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider's stock worth $224,000 after buying an additional 46 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of Broadridge Financial Solutions by 3.5% in the 4th quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider's stock valued at $326,000 after purchasing an additional 49 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 3.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock valued at $345,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a "buy" rating and a $300.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. 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. 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, UBS Group lifted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and an average target price of $250.83.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded up $2.89 during mid-day trading on Friday, hitting $242.61. The company had a trading volume of 1,379,327 shares, compared to its average volume of 523,871. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month high of $247.01. 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 firm has a market cap of $28.50 billion, a P/E ratio of 37.97 and a beta of 0.98. The business's 50-day simple moving average is $235.89 and its 200-day simple moving average is $234.15.

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 for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $2.23 EPS. The company's revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,068 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the completion of the transaction, the insider now directly owns 1,070 shares in the company, valued at approximately $251,685.40. This represents a 49.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total value of $1,211,164.80. Following the completion of the sale, the insider now owns 21,167 shares of the company's stock, valued at $5,070,554.85. The trade was a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,873 shares of company stock worth $31,337,863. Corporate insiders own 1.30% of the company's stock.

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.