Xponance Inc. Increases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Xponance Inc. raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,254 shares of the business services provider’s stock after acquiring an additional 779 shares during the quarter. Xponance Inc.’s holdings in Broadridge Financial Solutions were worth $5,936,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $529,000. Victory Capital Management Inc. boosted its position in shares of Broadridge Financial Solutions by 6.0% in the 3rd quarter. Victory Capital Management Inc. now owns 50,736 shares of the business services provider’s stock worth $10,910,000 after purchasing an additional 2,871 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Broadridge Financial Solutions by 32.5% in the 3rd quarter. Empowered Funds LLC now owns 2,468 shares of the business services provider’s stock worth $531,000 after purchasing an additional 606 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Broadridge Financial Solutions by 24.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,204 shares of the business services provider’s stock worth $1,335,000 after purchasing an additional 1,219 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Broadridge Financial Solutions by 0.6% in the 3rd quarter. Swiss National Bank now owns 350,800 shares of the business services provider’s stock worth $75,433,000 after purchasing an additional 2,100 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BR. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada boosted 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. DA Davidson restated a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $235.40 on Thursday. The firm has a market cap of $27.55 billion, a PE ratio of 36.84 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $235.73 and a two-hundred day simple moving average of $226.43. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.92 earnings per share. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Christopher John Perry sold 22,357 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now owns 52,524 shares of the company’s stock, valued at $12,355,220.52. This trade represents a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,754 shares of company stock worth $29,397,793. 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.