Union Bancaire Privee UBP SA Has $924,000 Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Union Bancaire Privee UBP SA lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 62.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,869 shares of the business services provider's stock after selling 6,415 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Broadridge Financial Solutions were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Whipplewood Advisors LLC raised its stake in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after buying an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $36,000. Curio Wealth LLC bought a new position in Broadridge Financial Solutions during the fourth quarter worth $45,000. Finally, Promus Capital LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter worth $52,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Maura A. Markus sold 3,556 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total transaction of $864,392.48. Following the completion of the sale, the director now directly owns 30,892 shares of the company's stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas Richard Deschutter sold 5,056 shares of the company's 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 sale, the insider now directly owns 21,167 shares of the company's stock, valued at approximately $5,070,554.85. This represents a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,116 shares of company stock valued at $4,352,298. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR stock traded down $2.89 during mid-day trading on Friday, reaching $236.94. The company had a trading volume of 368,038 shares, compared to its average volume of 524,458. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $27.83 billion, a P/E ratio of 37.08 and a beta of 0.96. The stock's 50-day simple moving average is $236.97 and its two-hundred day simple moving average is $235.04.

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

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BR shares. Royal Bank of Canada reiterated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, 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 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions 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.