Hantz Financial Services Inc. boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 222.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,472 shares of the business services provider's stock after acquiring an additional 10,668 shares during the quarter. Hantz Financial Services Inc.'s holdings in Broadridge Financial Solutions were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in shares of Broadridge Financial Solutions by 79.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,640 shares of the business services provider's stock valued at $914,000 after acquiring an additional 2,060 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Broadridge Financial Solutions by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 71,573 shares of the business services provider's stock valued at $14,100,000 after purchasing an additional 524 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Broadridge Financial Solutions by 13.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,234 shares of the business services provider's stock worth $1,425,000 after purchasing an additional 849 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Broadridge Financial Solutions in the second quarter valued at $2,784,000. Finally, Centaurus Financial Inc. acquired a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $1,216,000. Hedge funds and other institutional investors own 90.03% of the company's stock.
In related news, VP Thomas P. Carey sold 15,710 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. The trade was a 56.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares of the company's stock, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,532 shares of company stock valued at $12,264,846. Corporate insiders own 1.30% of the company's stock.
Several analysts have recently weighed in on the company. DA Davidson restated a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. UBS Group started coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price target for the company. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus price target of $226.71.
Read Our Latest Analysis on Broadridge Financial Solutions
BR opened at $239.12 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $241.45. The stock's 50 day moving average price is $231.10 and its 200 day moving average price is $219.96. The stock has a market cap of $27.95 billion, a P/E ratio of 41.37 and a beta of 1.08.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 60.90%.
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.
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