Mackenzie Financial Corp decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919,411 shares of the business services provider’s stock after selling 97,123 shares during the quarter. Mackenzie Financial Corp owned 0.79% of Broadridge Financial Solutions worth $74,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC lifted its position in Broadridge Financial Solutions by 0.9% in the second quarter. ETRADE Capital Management LLC now owns 6,891 shares of the business services provider’s stock valued at $521,000 after purchasing an additional 60 shares during the last quarter. Alps Advisors Inc. lifted its position in Broadridge Financial Solutions by 0.9% in the second quarter. Alps Advisors Inc. now owns 7,760 shares of the business services provider’s stock valued at $586,000 after purchasing an additional 68 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in Broadridge Financial Solutions by 0.9% in the second quarter. Stanley Laman Group Ltd. now owns 9,905 shares of the business services provider’s stock valued at $748,000 after purchasing an additional 91 shares during the last quarter. World Asset Management Inc lifted its position in Broadridge Financial Solutions by 1.0% in the second quarter. World Asset Management Inc now owns 8,919 shares of the business services provider’s stock valued at $674,000 after purchasing an additional 91 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its position in Broadridge Financial Solutions by 1.3% in the second quarter. Pacad Investment Ltd. now owns 7,598 shares of the business services provider’s stock valued at $574,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 83.54% of the company’s stock.

Several brokerages have weighed in on BR. BidaskClub downgraded Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Barclays boosted their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. DA Davidson started coverage on Broadridge Financial Solutions in a research report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price objective for the company. Finally, ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday.

In other news, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Broadridge Financial Solutions, Inc. (NYSE:BR) opened at $90.17 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions, Inc. has a 12 month low of $63.55 and a 12 month high of $91.75. The stock has a market capitalization of $10,504.88, a P/E ratio of 27.07, a PEG ratio of 2.42 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.62%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 50.87%.

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About Broadridge Financial Solutions

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.

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

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