Atria Investments Inc Purchases 2,157 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Atria Investments Inc grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,795 shares of the business services provider’s stock after acquiring an additional 2,157 shares during the quarter. Atria Investments Inc’s holdings in Broadridge Financial Solutions were worth $7,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in shares of Broadridge Financial Solutions by 1,615.1% during the 4th quarter. Assetmark Inc. now owns 11,440 shares of the business services provider’s stock valued at $2,586,000 after acquiring an additional 10,773 shares during the last quarter. Alley Investment Management Company LLC boosted its holdings in shares of Broadridge Financial Solutions by 0.3% during the 4th quarter. Alley Investment Management Company LLC now owns 51,661 shares of the business services provider’s stock valued at $11,680,000 after acquiring an additional 148 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Broadridge Financial Solutions by 2.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,129,824 shares of the business services provider’s stock valued at $255,442,000 after acquiring an additional 29,483 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Broadridge Financial Solutions by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 684,789 shares of the business services provider’s stock valued at $154,824,000 after acquiring an additional 23,376 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Broadridge Financial Solutions by 10.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,178 shares of the business services provider’s stock worth $3,205,000 after buying an additional 1,312 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BR shares. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson reissued a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $239.17.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $237.79 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58. The company has a market capitalization of $27.83 billion, a P/E ratio of 37.21 and a beta of 1.05. The firm’s 50 day simple moving average is $234.85 and its two-hundred day simple moving average is $224.98.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the prior year, the company earned $0.92 EPS. Research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Insider Activity

In other news, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the sale, the director now owns 15,536 shares in the company, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the sale, the vice president now owns 6,602 shares in the company, 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 have sold a total of 6,441 shares of company stock worth $1,547,835 over the last quarter. Insiders own 1.30% of the company’s stock.

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.