Jump Financial LLC Sells 21,585 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Jump Financial LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 57.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,952 shares of the business services provider's stock after selling 21,585 shares during the quarter. Jump Financial LLC's holdings in Broadridge Financial Solutions were worth $3,282,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BR. Jensen Investment Management Inc. increased its holdings in shares of Broadridge Financial Solutions by 2.4% during the third quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider's stock worth $326,827,000 after purchasing an additional 43,235 shares during the period. Stifel Financial Corp increased its stake in Broadridge Financial Solutions by 1,700.7% during the 3rd quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider's stock worth $276,194,000 after acquiring an additional 1,456,847 shares during the period. Northern Trust Corp increased its stake in Broadridge Financial Solutions by 5.6% during the 3rd quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider's stock worth $236,879,000 after acquiring an additional 70,258 shares during the period. Bahl & Gaynor Inc. raised its holdings in Broadridge Financial Solutions by 1.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider's stock valued at $222,665,000 after acquiring an additional 14,005 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Broadridge Financial Solutions by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider's stock valued at $150,855,000 after acquiring an additional 3,840 shares during the period. Institutional investors own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 12,731 shares of the 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 owns 13,303 shares of the company's stock, valued at $2,674,169.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Thomas P. Carey sold 12,731 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now directly owns 13,303 shares of the company's stock, valued at approximately $2,674,169.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction 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 sale, the insider now owns 32,480 shares of the company's stock, valued at $6,648,980.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,761 shares of company stock worth $5,223,959. Company insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded up $2.63 during mid-day trading on Friday, hitting $195.69. 560,986 shares of the stock traded hands, compared to its average volume of 409,347. The company has a market cap of $23.13 billion, a PE ratio of 33.39 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a twelve month low of $144.54 and a twelve month high of $210.24. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $199.69 and a two-hundred day simple moving average of $196.11.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.64%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 54.61%.

Analyst Upgrades and Downgrades

BR has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. DA Davidson reaffirmed a "neutral" rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Raymond James lifted their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Evercore ISI restated an "outperform" rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Sunday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $206.67.

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.