Savant Capital LLC Has $804,000 Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Savant Capital LLC boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,555 shares of the business services provider’s stock after purchasing an additional 257 shares during the period. Savant Capital LLC’s holdings in Broadridge Financial Solutions were worth $804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BR. Exchange Traded Concepts LLC acquired a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $137,000. Creative Planning boosted its position in Broadridge Financial Solutions by 1.3% in the 3rd quarter. Creative Planning now owns 23,039 shares of the business services provider’s stock valued at $4,954,000 after buying an additional 300 shares during the last quarter. Swedbank AB boosted its position in Broadridge Financial Solutions by 2.9% in the 3rd quarter. Swedbank AB now owns 25,135 shares of the business services provider’s stock valued at $5,405,000 after buying an additional 715 shares during the last quarter. nVerses Capital LLC bought a new position in Broadridge Financial Solutions in the 3rd quarter valued at $151,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Broadridge Financial Solutions by 16.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,495 shares of the business services provider’s stock valued at $2,902,000 after buying an additional 1,888 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company’s stock, valued at $3,734,854.40. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,666 shares of company stock valued at $5,050,766. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on BR. UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions Stock Performance

BR opened at $240.40 on Friday. The business’s 50-day moving average price is $232.49 and its two-hundred day moving average price is $222.58. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $244.47. The company has a market capitalization of $28.13 billion, a price-to-earnings ratio of 37.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the company earned $0.92 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

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.