Broadridge Financial Solutions, Inc. (BR) Holdings Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,994 shares of the business services provider’s stock after selling 4,773 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of Broadridge Financial Solutions worth $22,733,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Profund Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 4.2% in the fourth quarter. Profund Advisors LLC now owns 14,401 shares of the business services provider’s stock worth $1,304,000 after acquiring an additional 586 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Broadridge Financial Solutions by 3.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,504 shares of the business services provider’s stock worth $1,588,000 after acquiring an additional 607 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Broadridge Financial Solutions by 22.5% in the fourth quarter. First Republic Investment Management Inc. now owns 3,306 shares of the business services provider’s stock worth $299,000 after acquiring an additional 607 shares in the last quarter. Advisor Partners LLC increased its holdings in shares of Broadridge Financial Solutions by 21.3% in the fourth quarter. Advisor Partners LLC now owns 3,768 shares of the business services provider’s stock worth $361,000 after acquiring an additional 662 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Broadridge Financial Solutions by 3.6% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,202 shares of the business services provider’s stock worth $1,739,000 after buying an additional 671 shares in the last quarter. Institutional investors own 84.63% of the company’s stock.

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In related news, Director Leslie A. Brun sold 7,058 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $95.24, for a total transaction of $672,203.92. Following the completion of the transaction, the director now directly owns 37,846 shares of the company’s stock, valued at $3,604,453.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 56,539 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.60, for a total value of $5,235,511.40. Following the transaction, the insider now directly owns 98,427 shares of the company’s stock, valued at $9,114,340.20. The disclosure for this sale can be found here. Insiders have sold 137,743 shares of company stock valued at $13,191,608 over the last three months. Insiders own 2.60% of the company’s stock.

Broadridge Financial Solutions stock opened at $104.69 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $12,212.51, a PE ratio of 28.07, a P/E/G ratio of 2.59 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a fifty-two week low of $66.49 and a fifty-two week high of $109.19.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. Broadridge Financial Solutions’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 annualized dividend and a yield of 1.39%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.50%.

A number of research analysts recently issued reports on BR shares. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, January 31st. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Barclays reiterated a “hold” rating and set a $95.00 price objective on shares of Broadridge Financial Solutions in a report on Friday, December 8th. ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Sandler O’Neill set a $95.00 price objective on Broadridge Financial Solutions and gave the stock a “hold” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $98.75.

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Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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