Unigestion Holding SA Purchases 880 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Unigestion Holding SA lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,215 shares of the business services provider’s stock after purchasing an additional 880 shares during the period. Unigestion Holding SA’s holdings in Broadridge Financial Solutions were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Broadridge Financial Solutions by 22.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock worth $7,191,000 after buying an additional 6,690 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Broadridge Financial Solutions by 12.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,613 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 294 shares during the last quarter. ORG Partners LLC increased its position in shares of Broadridge Financial Solutions by 1,378.3% during the second quarter. ORG Partners LLC now owns 1,360 shares of the business services provider’s stock worth $267,000 after buying an additional 1,268 shares during the period. Swedbank AB raised its stake in Broadridge Financial Solutions by 1.0% during the second quarter. Swedbank AB now owns 24,420 shares of the business services provider’s stock worth $4,811,000 after buying an additional 252 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in Broadridge Financial Solutions in the second quarter valued at $44,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares in the company, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total value of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares of the company’s stock, valued at $5,975,838.77. The trade was a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock worth $12,264,846 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BR shares. DA Davidson increased their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. UBS Group started coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target on the stock. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $226.71.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $235.90 on Wednesday. The company has a market cap of $27.57 billion, a P/E ratio of 40.81 and a beta of 1.07. The company has a fifty day simple moving average of $223.21 and a 200 day simple moving average of $212.19. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

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.