Vontobel Holding Ltd. Has $2.97 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Vontobel Holding Ltd. lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 294.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,452 shares of the business services provider's stock after buying an additional 10,790 shares during the quarter. Vontobel Holding Ltd.'s holdings in Broadridge Financial Solutions were worth $2,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BR. Vanguard Group Inc. boosted its stake in shares of Broadridge Financial Solutions by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 13,714,442 shares of the business services provider's stock worth $2,135,476,000 after acquiring an additional 108,223 shares in the last quarter. Morgan Stanley grew its holdings in Broadridge Financial Solutions by 41.0% in the fourth quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider's stock valued at $944,766,000 after purchasing an additional 2,048,184 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Broadridge Financial Solutions by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,488,037 shares of the business services provider's stock valued at $511,243,000 after buying an additional 96,566 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Broadridge Financial Solutions by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 2,519,784 shares of the business services provider's stock worth $368,593,000 after buying an additional 37,989 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Broadridge Financial Solutions by 85.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider's stock worth $299,219,000 after buying an additional 1,025,907 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Wall Street Analyst Weigh In

BR has been the subject of a number of research reports. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Evercore ISI reissued an "outperform" rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. DA Davidson reaffirmed a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Finally, Raymond James boosted their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.67.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company's stock, valued at $8,891,320. The sale was disclosed in a filing with the SEC, which is available at this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the firm's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company's stock, valued at $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company's stock, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders sold 48,483 shares of company stock worth $9,745,637 over the last three months. 1.60% of the stock is owned by insiders.

Broadridge Financial Solutions Trading Up 0.2 %

BR traded up $0.40 during midday trading on Friday, hitting $193.38. The company's stock had a trading volume of 393,843 shares, compared to its average volume of 515,230. The firm has a market cap of $22.77 billion, a P/E ratio of 33.69 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 52-week low of $139.52 and a 52-week high of $210.24. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average price of $200.73 and a two-hundred day moving average price of $194.00.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. Broadridge Financial Solutions's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 55.75%.

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.