Kelly Lawrence W & Associates Inc. CA trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,683 shares of the business services provider’s stock after selling 1,650 shares during the period. Broadridge Financial Solutions makes up about 3.7% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 10th biggest position. Kelly Lawrence W & Associates Inc. CA owned approximately 0.15% of Broadridge Financial Solutions worth $21,665,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Broadridge Financial Solutions by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,484,063 shares of the business services provider’s stock worth $1,849,324,000 after purchasing an additional 134,732 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Broadridge Financial Solutions in the 2nd quarter worth about $243,622,000. Jensen Investment Management Inc. increased its position in Broadridge Financial Solutions by 39.0% in the 2nd quarter. Jensen Investment Management Inc. now owns 1,171,813 shares of the business services provider’s stock worth $149,617,000 after purchasing an additional 328,656 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Broadridge Financial Solutions by 30.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,077,671 shares of the business services provider’s stock worth $111,744,000 after purchasing an additional 252,234 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Broadridge Financial Solutions by 1.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 978,839 shares of the business services provider’s stock worth $124,978,000 after purchasing an additional 10,922 shares during the last quarter. 88.33% of the stock is currently owned by hedge funds and other institutional investors.

BR stock traded down $1.02 during mid-day trading on Wednesday, hitting $126.16. The stock had a trading volume of 4,645 shares, compared to its average volume of 549,385. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $136.99. The company has a fifty day moving average of $127.69 and a 200 day moving average of $121.04. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.42 and a beta of 0.71.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.72. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 5.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a dividend of $0.54 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, September 12th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.71%. Broadridge Financial Solutions’s dividend payout ratio is currently 46.35%.

Several brokerages have weighed in on BR. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Raymond James lowered Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Finally, SunTrust Banks upped their target price on Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.20.

In other news, Director Stuart R. Levine sold 25,260 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $126.27, for a total transaction of $3,189,580.20. Following the transaction, the director now owns 47,886 shares of the company’s stock, valued at approximately $6,046,565.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 2,258 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $128.69, for a total value of $290,582.02. Following the transaction, the vice president now directly owns 1,990 shares in the company, valued at approximately $256,093.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,557 shares of company stock worth $25,390,855. 2.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Company 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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