Bath Savings Trust Co Has $24.53 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Bath Savings Trust Co decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,094 shares of the business services provider’s stock after selling 183 shares during the period. Broadridge Financial Solutions accounts for 2.4% of Bath Savings Trust Co’s holdings, making the stock its 10th biggest position. Bath Savings Trust Co owned 0.10% of Broadridge Financial Solutions worth $24,534,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its holdings in Broadridge Financial Solutions by 5.1% in the fourth quarter. Rafferty Asset Management LLC now owns 9,874 shares of the business services provider’s stock worth $2,032,000 after acquiring an additional 482 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Broadridge Financial Solutions by 22.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 472,031 shares of the business services provider’s stock worth $97,120,000 after purchasing an additional 86,853 shares in the last quarter. 1832 Asset Management L.P. grew its position in Broadridge Financial Solutions by 10.0% during the 4th quarter. 1832 Asset Management L.P. now owns 5,004 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 454 shares during the last quarter. Elo Mutual Pension Insurance Co acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at approximately $2,122,000. Finally, State of Tennessee Treasury Department lifted its stake in shares of Broadridge Financial Solutions by 35.6% during the fourth quarter. State of Tennessee Treasury Department now owns 72,211 shares of the business services provider’s stock worth $14,857,000 after buying an additional 18,945 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 31,539 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the completion of the sale, the president now directly owns 67,215 shares in the company, valued at $13,938,374.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares of the company’s stock, valued at $1,194,480. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Christopher John Perry sold 31,539 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the completion of the transaction, the president now owns 67,215 shares in the company, valued at $13,938,374.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada lifted their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.

Broadridge Financial Solutions Stock Down 0.1 %

BR stock opened at $215.18 on Tuesday. The stock has a market capitalization of $25.43 billion, a P/E ratio of 36.72 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 52 week low of $166.73 and a 52 week high of $223.81. The firm has a 50-day simple moving average of $211.75 and a 200-day simple moving average of $204.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, September 12th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

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.