Silver Oak Securities Incorporated Grows Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Silver Oak Securities Incorporated raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,099 shares of the business services provider’s stock after acquiring an additional 126 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Broadridge Financial Solutions were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BR. Jensen Investment Management Inc. lifted its stake in shares of Broadridge Financial Solutions by 2.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock valued at $326,827,000 after buying an additional 43,235 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Broadridge Financial Solutions by 1,700.7% during the 3rd quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock valued at $276,194,000 after buying an additional 1,456,847 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Broadridge Financial Solutions by 5.6% during the 3rd quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock valued at $236,879,000 after buying an additional 70,258 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in Broadridge Financial Solutions by 1.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,082,210 shares of the business services provider’s stock worth $222,665,000 after acquiring an additional 14,005 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Broadridge Financial Solutions by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 733,194 shares of the business services provider’s stock worth $150,855,000 after acquiring an additional 3,840 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BR. Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, April 26th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Raymond James upped their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Evercore ISI reissued an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $193.43 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. Broadridge Financial Solutions, Inc. has a one year low of $143.95 and a one year high of $210.24. The company’s fifty day moving average price is $200.48 and its 200-day moving average price is $194.94. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 33.70 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.75%.

Insider Activity at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, the insider now owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,483 shares of company stock valued at $9,745,637. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.