Vanguard Personalized Indexing Management LLC Has $1.76 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Vanguard Personalized Indexing Management LLC increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 33.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the business services provider’s stock after buying an additional 2,219 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Broadridge Financial Solutions were worth $1,759,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BR. Robeco Institutional Asset Management B.V. grew its stake in shares of Broadridge Financial Solutions by 206.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 200,371 shares of the business services provider’s stock valued at $412,000 after buying an additional 134,911 shares during the period. Norges Bank acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at about $67,605,000. UBS Group AG boosted its stake in Broadridge Financial Solutions by 8.2% during the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after purchasing an additional 14,147 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Broadridge Financial Solutions by 10.8% during the 4th quarter. CreativeOne Wealth LLC now owns 1,270 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Broadridge Financial Solutions by 27.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 114 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $208.22 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $166.73 and a 52 week high of $223.81. The company’s 50 day moving average price is $210.46 and its two-hundred day moving average price is $203.36. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The stock has a market cap of $24.61 billion, a P/E ratio of 35.53 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. Broadridge Financial Solutions’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.21 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, September 12th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s payout ratio is 60.07%.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the sale, the chief executive officer now owns 200,675 shares of the company’s stock, valued at approximately $41,963,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at approximately $10,721,078.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the sale, the chief executive officer now owns 200,675 shares in the company, valued at $41,963,149.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,386 shares of company stock valued at $28,112,824. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BR has been the subject of a number of analyst reports. DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada lifted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.

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.