110,694 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 110,694 shares of the business services provider's stock, valued at approximately $227,750,000. Broadridge Financial Solutions makes up approximately 0.7% of International Assets Investment Management LLC's portfolio, making the stock its 13th largest position. International Assets Investment Management LLC owned 0.09% of Broadridge Financial Solutions at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. OFI Invest Asset Management purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth about $25,000. Headinvest LLC purchased a new position in Broadridge Financial Solutions during the 3rd quarter valued at $32,000. First Command Advisory Services Inc. bought a new position in Broadridge Financial Solutions in the 3rd quarter valued at $34,000. Truvestments Capital LLC purchased a new stake in Broadridge Financial Solutions in the third quarter worth $37,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the sale, the insider now directly owns 32,480 shares in the company, valued at approximately $6,648,980.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 12,731 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,483 shares of company stock valued at $9,745,637. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BR. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Friday, April 26th. DA Davidson reaffirmed a "neutral" rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Raymond James raised 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 report on Friday, February 2nd. Evercore ISI reaffirmed an "outperform" rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $206.67.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded up $3.60 during trading hours on Friday, hitting $198.95. 437,685 shares of the stock traded hands, compared to its average volume of 493,538. Broadridge Financial Solutions, Inc. has a 1 year low of $144.54 and a 1 year high of $210.24. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 34.03 and a beta of 0.98. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The firm's 50 day moving average price is $200.32 and its 200-day moving average price is $194.93.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (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 analysts' expectations of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.61%. Broadridge Financial Solutions's dividend payout ratio is presently 55.75%.

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.