Tredje AP fonden raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 228.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,558 shares of the business services provider’s stock after purchasing an additional 5,952 shares during the period. Tredje AP fonden’s holdings in Broadridge Financial Solutions were worth $892,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BR. Oregon Public Employees Retirement Fund increased its stake in Broadridge Financial Solutions by 8,044.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 4,126,816 shares during the last quarter. Janus Henderson Group PLC increased its stake in Broadridge Financial Solutions by 17.7% in the first quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock valued at $811,304,000 after purchasing an additional 1,177,867 shares during the last quarter. Norges Bank purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $109,008,000. Jensen Investment Management Inc. increased its stake in Broadridge Financial Solutions by 8,174.4% in the first quarter. Jensen Investment Management Inc. now owns 843,157 shares of the business services provider’s stock valued at $87,427,000 after purchasing an additional 832,967 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Broadridge Financial Solutions by 80.3% in the fourth quarter. Deutsche Bank AG now owns 1,501,941 shares of the business services provider’s stock valued at $144,559,000 after purchasing an additional 668,709 shares during the last quarter. Institutional investors own 83.98% of the company’s stock.

In related news, Director Stuart R. Levine sold 35,810 shares of Broadridge Financial Solutions stock in a transaction on Friday, May 24th. The shares were sold at an average price of $123.51, for a total value of $4,422,893.10. Following the transaction, the director now directly owns 42,874 shares in the company, valued at approximately $5,295,367.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 1,215 shares of Broadridge Financial Solutions stock in a transaction on Monday, April 8th. The shares were sold at an average price of $108.82, for a total transaction of $132,216.30. Following the completion of the transaction, the vice president now owns 4,202 shares in the company, valued at $457,261.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,784 shares of company stock worth $17,048,922. Insiders own 2.30% of the company’s stock.

Shares of BR traded up $0.03 during mid-day trading on Monday, reaching $124.90. 14,028 shares of the company’s stock were exchanged, compared to its average volume of 917,525. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.50 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. Broadridge Financial Solutions, Inc. has a 52-week low of $91.34 and a 52-week high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 4.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

A number of brokerages have recently issued reports on BR. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. DA Davidson lowered shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Raymond James raised their target price on shares of Broadridge Financial Solutions from $125.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Finally, SunTrust Banks raised their target price on shares of Broadridge Financial Solutions to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Broadridge Financial Solutions has an average rating of “Buy” and an average price target of $126.00.

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Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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