Janus Henderson Group PLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1,647.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,181,963 shares of the business services provider’s stock after purchasing an additional 6,770,958 shares during the period. Janus Henderson Group PLC owned 6.16% of Broadridge Financial Solutions worth $542,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BR. BlackRock Inc. boosted its stake in Broadridge Financial Solutions by 5,792.7% during the 1st quarter. BlackRock Inc. now owns 12,054,537 shares of the business services provider’s stock valued at $819,107,000 after purchasing an additional 11,849,968 shares during the period. Jensen Investment Management Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $77,899,000. Principal Financial Group Inc. lifted its stake in shares of Broadridge Financial Solutions by 91.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,408,096 shares of the business services provider’s stock worth $106,396,000 after acquiring an additional 674,307 shares during the period. Vanguard Group Inc. lifted its stake in shares of Broadridge Financial Solutions by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,101,144 shares of the business services provider’s stock worth $686,373,000 after acquiring an additional 369,176 shares during the period. Finally, Independence Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $21,006,000. 83.77% of the stock is owned by hedge funds and other institutional investors.

In other Broadridge Financial Solutions news, insider Adam D. Amsterdam sold 17,813 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total value of $1,370,888.48. Following the completion of the sale, the insider now owns 20,646 shares in the company, valued at approximately $1,588,916.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stuart R. Levine sold 7,868 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.58, for a total transaction of $602,531.44. Following the completion of the sale, the director now owns 39,747 shares of the company’s stock, valued at approximately $3,043,825.26. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

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A number of brokerages have recently weighed in on BR. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. DA Davidson began coverage on shares of Broadridge Financial Solutions in a research note on Monday, August 7th. They issued a “neutral” rating and a $74.00 price target for the company. Finally, Barclays PLC upped their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) traded down 0.16% during mid-day trading on Thursday, hitting $81.58. 56,592 shares of the stock were exchanged. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 30.21 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $82.10. The company’s 50-day moving average is $78.92 and its 200-day moving average is $74.26.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, meeting the consensus estimate of $1.71. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, September 14th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 53.48%.

About Broadridge Financial Solutions

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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