Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. lowered its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,271 shares of the business services provider’s stock after selling 249 shares during the quarter. Leavell Investment Management Inc.’s holdings in Broadridge Financial Solutions were worth $2,104,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth about $44,746,000. Assenagon Asset Management S.A. increased its stake in shares of Broadridge Financial Solutions by 3,197.8% during the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock valued at $43,945,000 after acquiring an additional 198,169 shares during the period. Benjamin Edwards Inc. raised its holdings in Broadridge Financial Solutions by 2,302.8% during the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock worth $31,618,000 after purchasing an additional 140,886 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Broadridge Financial Solutions in the third quarter worth approximately $274,650,000. Finally, BNP Paribas Financial Markets boosted its stake in Broadridge Financial Solutions by 97.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider’s stock valued at $42,765,000 after purchasing an additional 98,275 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. This represents a 7.22 % decrease in their position. The transaction 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 Broadridge Financial Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,666 shares of company stock valued at $5,050,766. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $242.53 on Thursday. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $243.00. The company has a 50-day moving average of $232.26 and a two-hundred day moving average of $222.18. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.39. The stock has a market cap of $28.38 billion, a price-to-earnings ratio of 37.95 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

Analysts Set New Price Targets

A number of research firms have recently commented on BR. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson reissued a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $239.17.

Broadridge Financial Solutions Company Profile

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.