Broadridge Financial Solutions, Inc. (BR) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966,177 shares of the business services provider’s stock after buying an additional 9,010 shares during the period. Broadridge Financial Solutions comprises approximately 0.9% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 27th largest position. Vaughan Nelson Investment Management L.P. owned about 0.82% of Broadridge Financial Solutions worth $73,005,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Broadridge Financial Solutions by 5,792.7% in the first quarter. BlackRock Inc. now owns 12,054,537 shares of the business services provider’s stock valued at $819,107,000 after buying an additional 11,849,968 shares in the last quarter. Vanguard Group Inc. raised its position in Broadridge Financial Solutions by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,101,144 shares of the business services provider’s stock valued at $686,373,000 after buying an additional 369,176 shares in the last quarter. Janus Capital Management LLC raised its position in Broadridge Financial Solutions by 2.4% in the first quarter. Janus Capital Management LLC now owns 7,882,947 shares of the business services provider’s stock valued at $535,646,000 after buying an additional 187,411 shares in the last quarter. State Street Corp raised its position in Broadridge Financial Solutions by 0.8% in the first quarter. State Street Corp now owns 4,345,508 shares of the business services provider’s stock valued at $295,283,000 after buying an additional 33,020 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Broadridge Financial Solutions by 0.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,096,150 shares of the business services provider’s stock valued at $74,483,000 after buying an additional 7,550 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Broadridge Financial Solutions, Inc. (BR) traded up 2.75% during mid-day trading on Friday, reaching $74.27. 785,625 shares of the company’s stock traded hands. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $78.00. The firm has a 50-day moving average price of $75.41 and a 200-day moving average price of $71.43. The stock has a market cap of $8.73 billion, a P/E ratio of 29.09 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.71. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $1.45 earnings per share. The firm’s revenue was up 38.1% compared to the same quarter last year. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a $0.365 dividend. The ex-dividend date is Thursday, September 14th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.97%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 51.56%.

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Several research analysts have weighed in on BR shares. BidaskClub upgraded shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. DA Davidson started coverage on shares of Broadridge Financial Solutions in a research note on Monday. They issued a “neutral” rating and a $74.00 price objective on the stock. Finally, Barclays PLC upped their price objective on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.00.

In other news, insider Robert Schifellite sold 76,666 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total value of $5,825,082.68. Following the sale, the insider now directly owns 105,042 shares in the company, valued at $7,981,091.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laura Matlin sold 630 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $71.89, for a total transaction of $45,290.70. Following the completion of the sale, the vice president now owns 5,271 shares in the company, valued at $378,932.19. The disclosure for this sale can be found here. Insiders sold 323,032 shares of company stock worth $24,016,648 over the last quarter. 3.50% of the stock is owned by corporate insiders.

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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