Broadridge Financial Solutions, Inc. (NYSE:BR) Stake Increased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the business services provider’s stock after buying an additional 400 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Broadridge Financial Solutions were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in Broadridge Financial Solutions by 8,044.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock valued at $43,000 after buying an additional 4,126,816 shares in the last quarter. Northern Trust Corp raised its stake in Broadridge Financial Solutions by 1.2% during the fourth quarter. Northern Trust Corp now owns 1,658,872 shares of the business services provider’s stock valued at $159,666,000 after buying an additional 19,433 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Broadridge Financial Solutions by 26.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,572,745 shares of the business services provider’s stock valued at $151,375,000 after buying an additional 332,615 shares in the last quarter. Deutsche Bank AG raised its stake in Broadridge Financial Solutions by 80.3% during the fourth quarter. Deutsche Bank AG now owns 1,501,941 shares of the business services provider’s stock valued at $144,559,000 after buying an additional 668,709 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Broadridge Financial Solutions by 8.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,322,566 shares of the business services provider’s stock valued at $127,241,000 after buying an additional 102,927 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Shares of Broadridge Financial Solutions stock traded up $2.13 on Friday, reaching $119.20. 1,098,380 shares of the company were exchanged, compared to its average volume of 905,674. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.52 and a beta of 0.88. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Broadridge Financial Solutions had a return on equity of 48.71% and a net margin of 11.31%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 4.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, June 13th. Broadridge Financial Solutions’s payout ratio is 46.30%.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Friday. DA Davidson cut Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a research note on Wednesday. They noted that the move was a valuation call. SunTrust Banks upped their price objective on Broadridge Financial Solutions to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Raymond James upgraded Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.50.

In related news, Director Alan J. Weber sold 1,980 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $100.36, for a total value of $198,712.80. Following the sale, the director now directly owns 51,588 shares in the company, valued at approximately $5,177,371.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 1,215 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $108.82, for a total value of $132,216.30. Following the completion of the sale, the vice president now owns 4,202 shares in the company, valued at $457,261.64. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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About Broadridge Financial Solutions

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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