Bokf Na Lowers Holdings in Broadridge Financial Solutions, Inc. (BR)

Bokf Na decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 29.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,404 shares of the business services provider’s stock after selling 11,082 shares during the period. Bokf Na’s holdings in Broadridge Financial Solutions were worth $2,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Fort L.P. boosted its stake in shares of Broadridge Financial Solutions by 64.5% during the fourth quarter. Fort L.P. now owns 14,331 shares of the business services provider’s stock valued at $1,379,000 after acquiring an additional 5,621 shares during the last quarter. ARP Americas LP boosted its stake in shares of Broadridge Financial Solutions by 32.5% during the fourth quarter. ARP Americas LP now owns 10,600 shares of the business services provider’s stock valued at $1,020,000 after acquiring an additional 2,600 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Broadridge Financial Solutions by 4.2% during the fourth quarter. California State Teachers Retirement System now owns 191,734 shares of the business services provider’s stock valued at $18,454,000 after acquiring an additional 7,651 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Broadridge Financial Solutions by 4.3% during the fourth quarter. Brown Advisory Inc. now owns 270,266 shares of the business services provider’s stock valued at $26,013,000 after acquiring an additional 11,259 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in shares of Broadridge Financial Solutions by 4.7% during the fourth quarter. Natixis Advisors L.P. now owns 30,903 shares of the business services provider’s stock valued at $2,974,000 after acquiring an additional 1,385 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

A number of research firms recently commented on BR. Raymond James raised 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. Zacks Investment Research raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. DA Davidson raised Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, February 8th. SunTrust Banks reaffirmed a “buy” rating and set a $110.00 price objective on shares of Broadridge Financial Solutions in a research note on Sunday, January 6th. Finally, Rosenblatt Securities began coverage on Broadridge Financial Solutions in a research note on Wednesday, December 5th. They set a “neutral” rating and a $110.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $118.67.

Shares of NYSE:BR opened at $103.61 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.06. Broadridge Financial Solutions, Inc. has a 12-month low of $91.34 and a 12-month high of $138.24. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.15). Broadridge Financial Solutions had a return on equity of 43.95% and a net margin of 10.25%. The business had revenue of $953.40 million during the quarter, compared to analyst estimates of $967.21 million. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 4.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is 46.30%.

In other Broadridge Financial Solutions news, Director Alan J. Weber sold 1,980 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,177,371.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company 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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