Universal Beteiligungs und Servicegesellschaft mbH Has $27.40 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,026 shares of the business services provider's stock after purchasing an additional 1,419 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Broadridge Financial Solutions worth $27,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BR. Golden State Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. Continuum Advisory LLC increased its stake in Broadridge Financial Solutions by 48.4% in the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Ratings Changes

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

Broadridge Financial Solutions Trading Up 0.4%

NYSE BR traded up $1.06 on Friday, hitting $254.05. The company's stock had a trading volume of 1,815,742 shares, compared to its average volume of 562,551. The firm has a market cap of $29.84 billion, a PE ratio of 38.20 and a beta of 0.94. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. Broadridge Financial Solutions, Inc. has a 1-year low of $206.29 and a 1-year high of $257.65. The company's 50-day moving average is $240.60 and its 200 day moving average is $237.11.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results 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. 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 quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Insider Activity at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the completion of the transaction, the insider directly owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. This trade represents a 19.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the transaction, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% 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 90 days. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions 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.