Tredje AP fonden grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,980 shares of the business services provider’s stock after purchasing an additional 800 shares during the quarter. Tredje AP fonden’s holdings in Broadridge Financial Solutions were worth $2,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BR. Bank of Montreal Can increased its position in shares of Broadridge Financial Solutions by 4.3% during the 2nd quarter. Bank of Montreal Can now owns 29,524 shares of the business services provider’s stock valued at $2,231,000 after purchasing an additional 1,204 shares during the last quarter. World Asset Management Inc grew its stake in shares of Broadridge Financial Solutions by 1.0% during the 2nd quarter. World Asset Management Inc now owns 8,919 shares of the business services provider’s stock valued at $674,000 after acquiring an additional 91 shares during the period. Korea Investment CORP bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $1,473,000. TD Asset Management Inc. grew its stake in shares of Broadridge Financial Solutions by 8.3% during the 2nd quarter. TD Asset Management Inc. now owns 84,535 shares of the business services provider’s stock valued at $6,387,000 after acquiring an additional 6,495 shares during the period. Finally, Advisor Partners LLC bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $240,000. 83.54% of the stock is owned by hedge funds and other institutional investors.

In other Broadridge Financial Solutions news, insider Richard J. Daly sold 94,039 shares of the company’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 value of $7,706,496.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Broadridge Financial Solutions, Inc. (NYSE:BR) opened at $88.56 on Wednesday. The stock has a market capitalization of $10,509.54, a P/E ratio of 27.08, a P/E/G ratio of 2.43 and a beta of 0.99. 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 52 week low of $63.63 and a 52 week high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 1.65%. Broadridge Financial Solutions’s payout ratio is 50.87%.

A number of research analysts recently issued reports on the company. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday. BidaskClub downgraded Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 note on Friday, August 11th. Finally, DA Davidson reiterated a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $85.50.

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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.

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

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