Aperio Group LLC raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,295 shares of the business services provider’s stock after purchasing an additional 8,215 shares during the quarter. Aperio Group LLC’s holdings in Broadridge Financial Solutions were worth $9,266,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BR. Robeco Institutional Asset Management B.V. raised its position in Broadridge Financial Solutions by 117.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 631,102 shares of the business services provider’s stock valued at $57,192,000 after purchasing an additional 340,725 shares during the period. Alta Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 133.0% during the third quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock worth $36,735,000 after acquiring an additional 259,450 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Broadridge Financial Solutions by 193.4% during the second quarter. Macquarie Group Ltd. now owns 190,662 shares of the business services provider’s stock worth $14,407,000 after acquiring an additional 125,686 shares during the last quarter. First Trust Advisors LP increased its position in shares of Broadridge Financial Solutions by 68.6% during the third quarter. First Trust Advisors LP now owns 279,708 shares of the business services provider’s stock worth $22,606,000 after acquiring an additional 113,768 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Broadridge Financial Solutions by 70.7% during the third quarter. Retirement Systems of Alabama now owns 258,786 shares of the business services provider’s stock worth $20,915,000 after acquiring an additional 107,209 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on BR. Barclays lifted their target price on Broadridge Financial Solutions from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday. Sandler O’Neill set a $95.00 target price on Broadridge Financial Solutions and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Wednesday, January 31st. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. Finally, ValuEngine lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $97.25.

In related news, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total value of $677,544.05. Following the completion of the transaction, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the transaction, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $92.19 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $66.49 and a 52-week high of $97.54. The stock has a market capitalization of $10,920.00, a PE ratio of 29.45, a PEG ratio of 2.25 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.70 and a current ratio of 1.79.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. research analysts predict that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.58%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.65%.

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Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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