Janus Henderson Group PLC Sells 55,944 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Janus Henderson Group PLC lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,180,849 shares of the business services provider's stock after selling 55,944 shares during the quarter. Janus Henderson Group PLC owned about 2.72% of Broadridge Financial Solutions worth $719,161,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC grew its holdings in Broadridge Financial Solutions by 16.5% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 12,810 shares of the business services provider's stock valued at $2,896,000 after buying an additional 1,815 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at about $36,000. Focus Partners Wealth grew its holdings in Broadridge Financial Solutions by 113.4% during the 4th quarter. Focus Partners Wealth now owns 156,772 shares of the business services provider's stock valued at $35,522,000 after buying an additional 83,299 shares in the last quarter. Ellevest Inc. grew its holdings in Broadridge Financial Solutions by 5.4% during the 4th quarter. Ellevest Inc. now owns 2,454 shares of the business services provider's stock valued at $555,000 after buying an additional 125 shares in the last quarter. Finally, Ethic Inc. grew its holdings in shares of Broadridge Financial Solutions by 6.5% during the fourth quarter. Ethic Inc. now owns 24,328 shares of the business services provider's stock worth $5,500,000 after purchasing an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE:BR traded down $1.17 during mid-day trading on Wednesday, reaching $236.14. The stock had a trading volume of 49,853 shares, compared to its average volume of 530,706. The firm has a 50 day moving average price of $233.83 and a two-hundred day moving average price of $232.19. The stock has a market capitalization of $27.74 billion, a P/E ratio of 36.93 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. Broadridge Financial Solutions's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions's payout ratio is 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. The trade was a 36.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert N. Duelks sold 485 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the sale, the director now owns 4,960 shares of the company's stock, valued at $1,180,132.80. The trade was a 8.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,866 shares of company stock worth $28,216,569. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Finally, Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus price target of $250.83.

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.