O Shaughnessy Asset Management LLC Buys 2,837 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

O Shaughnessy Asset Management LLC grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,184 shares of the business services provider’s stock after purchasing an additional 2,837 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $5,468,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BR. Physician Wealth Advisors Inc. acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at about $52,000. RWA Wealth Partners LLC boosted its holdings in shares of Broadridge Financial Solutions by 61.4% in the 4th quarter. RWA Wealth Partners LLC now owns 11,080 shares of the business services provider’s stock worth $2,505,000 after acquiring an additional 4,215 shares in the last quarter. Schroder Investment Management Group grew its position in Broadridge Financial Solutions by 3.6% during the 4th quarter. Schroder Investment Management Group now owns 39,584 shares of the business services provider’s stock worth $8,926,000 after acquiring an additional 1,378 shares during the last quarter. American Money Management LLC increased its holdings in Broadridge Financial Solutions by 0.4% during the 4th quarter. American Money Management LLC now owns 34,114 shares of the business services provider’s stock valued at $7,713,000 after purchasing an additional 121 shares in the last quarter. Finally, Allstate Corp bought a new position in Broadridge Financial Solutions in the 4th quarter valued at $812,000. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BR. UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $241.00.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $244.70 on Wednesday. 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 52 week low of $188.30 and a 52 week high of $246.58. The firm has a fifty day moving average of $237.43 and a two-hundred day moving average of $228.23. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 38.29 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is presently 55.09%.

Insiders Place Their Bets

In other news, Director Brett Keller sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the sale, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. The trade was a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,754 shares of company stock worth $29,397,793. Company insiders own 1.30% of the company’s stock.

About Broadridge Financial Solutions

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.