Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,560,316 shares of the business services provider's stock after purchasing an additional 1,186,555 shares during the period. Price T Rowe Associates Inc. MD owned about 3.04% of Broadridge Financial Solutions worth $804,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Southernsun Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 1.1% during the 4th quarter. Southernsun Asset Management LLC now owns 48,729 shares of the business services provider's stock valued at $11,017,000 after acquiring an additional 552 shares during the period. Fayez Sarofim & Co lifted its position in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. Fayez Sarofim & Co now owns 895,107 shares of the business services provider's stock valued at $202,375,000 after acquiring an additional 21,540 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $1,074,000. Stifel Financial Corp lifted its position in shares of Broadridge Financial Solutions by 1.3% during the 4th quarter. Stifel Financial Corp now owns 1,615,131 shares of the business services provider's stock valued at $365,177,000 after acquiring an additional 20,716 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in shares of Broadridge Financial Solutions by 62.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 24,574 shares of the business services provider's stock worth $5,556,000 after purchasing an additional 9,404 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.8 %

Shares of BR stock traded up $1.86 during trading hours on Tuesday, reaching $239.04. The company had a trading volume of 110,293 shares, compared to its average volume of 524,161. 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, Inc. has a twelve month low of $188.30 and a twelve month high of $247.01. The company has a market capitalization of $27.97 billion, a P/E ratio of 37.40 and a beta of 1.06. The stock's fifty day simple moving average is $234.50 and its 200 day simple moving average is $230.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period last year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now owns 4,960 shares in the company, valued at approximately $1,180,132.80. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,754 shares of company stock worth $29,397,793 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BR has been the topic of several recent research reports. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. DA Davidson restated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $241.00.

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.