Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,642 shares of the business services provider’s stock after selling 10,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Broadridge Financial Solutions were worth $6,250,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its position in Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. Fortitude Family Office LLC increased its position in Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after buying an additional 111 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $38,000. FSA Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $39,000. Finally, Global X Japan Co. Ltd. acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at about $41,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Brett Keller sold 5,442 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares of the company’s stock, valued at approximately $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the sale, the vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock valued at $5,050,766 over the last quarter. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $236.25 on Tuesday. The company has a market capitalization of $27.65 billion, a P/E ratio of 36.97 and a beta of 1.08. The business’s 50 day moving average is $232.87 and its two-hundred day moving average is $223.62. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the company earned $0.92 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BR shares. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $239.17.

About Broadridge Financial Solutions

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.