New York State Common Retirement Fund Has $48.33 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

New York State Common Retirement Fund reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 391,231 shares of the business services provider’s stock after selling 8,521 shares during the period. New York State Common Retirement Fund owned approximately 0.34% of Broadridge Financial Solutions worth $48,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BR. State Street Corp increased its stake in Broadridge Financial Solutions by 0.3% in the third quarter. State Street Corp now owns 5,169,587 shares of the business services provider’s stock valued at $645,994,000 after purchasing an additional 14,629 shares in the last quarter. California Public Employees Retirement System increased its stake in Broadridge Financial Solutions by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 952,502 shares of the business services provider’s stock valued at $117,672,000 after purchasing an additional 10,705 shares in the last quarter. Confluence Investment Management LLC increased its stake in Broadridge Financial Solutions by 1.2% in the fourth quarter. Confluence Investment Management LLC now owns 925,658 shares of the business services provider’s stock valued at $114,356,000 after purchasing an additional 11,412 shares in the last quarter. Anchor Capital Advisors LLC increased its stake in Broadridge Financial Solutions by 85.7% in the fourth quarter. Anchor Capital Advisors LLC now owns 625,426 shares of the business services provider’s stock valued at $77,265,000 after purchasing an additional 288,653 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Broadridge Financial Solutions by 1.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 534,854 shares of the business services provider’s stock valued at $66,076,000 after purchasing an additional 5,507 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

Shares of NYSE:BR opened at $123.43 on Thursday. The company has a 50 day moving average price of $125.18 and a two-hundred day moving average price of $124.80. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 0.90. Broadridge Financial Solutions, Inc. has a 52 week low of $97.37 and a 52 week high of $136.99. The company has a market capitalization of $13.57 billion, a PE ratio of 34.57 and a beta of 0.70.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.23). Broadridge Financial Solutions had a return on equity of 45.83% and a net margin of 9.68%. The company had revenue of $969.00 million for the quarter, compared to the consensus estimate of $998.02 million. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 5.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 12th. Broadridge Financial Solutions’s dividend payout ratio is 46.35%.

In other news, Director Alan J. Weber sold 2,786 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $119.09, for a total transaction of $331,784.74. Following the completion of the sale, the director now owns 66,350 shares of the company’s stock, valued at $7,901,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Douglas Richard Deschutter sold 15,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $121.86, for a total transaction of $1,827,900.00. Insiders have sold 71,360 shares of company stock valued at $8,657,564 in the last three months. 2.20% of the stock is owned by insiders.

Several brokerages have commented on BR. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating and set a $128.00 target price for the company in a research note on Tuesday, December 17th. DA Davidson raised shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $134.00 to $138.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $135.75.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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