Sentry Investment Management LLC decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,837 shares of the business services provider’s stock after selling 607 shares during the quarter. Sentry Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Broadridge Financial Solutions by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock worth $811,304,000 after purchasing an additional 1,177,867 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Broadridge Financial Solutions by 8,044.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock worth $43,000 after purchasing an additional 4,126,816 shares in the last quarter. Northern Trust Corp lifted its stake in Broadridge Financial Solutions by 1.2% in the 4th quarter. Northern Trust Corp now owns 1,658,872 shares of the business services provider’s stock worth $159,666,000 after purchasing an additional 19,433 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Broadridge Financial Solutions by 26.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,572,745 shares of the business services provider’s stock worth $151,375,000 after purchasing an additional 332,615 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Broadridge Financial Solutions by 80.3% in the 4th quarter. Deutsche Bank AG now owns 1,501,941 shares of the business services provider’s stock worth $144,559,000 after purchasing an additional 668,709 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Several analysts have commented on the stock. Raymond James boosted their price target on shares of Broadridge Financial Solutions from $125.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Friday, May 10th. SunTrust Banks boosted their target price on shares of Broadridge Financial Solutions to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, DA Davidson downgraded 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 report on Wednesday, May 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Broadridge Financial Solutions has an average rating of “Buy” and an average price target of $126.00.

In related news, SVP Robert Schifellite sold 37,818 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $122.77, for a total transaction of $4,642,915.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie A. Brun sold 7,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $121.71, for a total transaction of $912,825.00. Following the transaction, the director now owns 30,101 shares in the company, valued at $3,663,592.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,575 shares of company stock worth $7,762,001. Insiders own 2.30% of the company’s stock.

Broadridge Financial Solutions stock opened at $123.90 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $138.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $14.39 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.66 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 4.65 earnings per share 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 issued a $0.485 dividend. 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 1.57%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

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About Broadridge Financial Solutions

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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