Hantz Financial Services Inc. Decreases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Hantz Financial Services Inc. decreased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,804 shares of the business services provider’s stock after selling 192 shares during the period. Hantz Financial Services Inc.’s holdings in Broadridge Financial Solutions were worth $1,033,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its holdings in Broadridge Financial Solutions by 5.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,494 shares of the business services provider’s stock worth $11,329,000 after acquiring an additional 2,685 shares during the last quarter. Atria Investments Inc increased its stake in shares of Broadridge Financial Solutions by 9.7% in the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock worth $6,373,000 after purchasing an additional 2,610 shares in the last quarter. BDF Gestion purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $3,954,000. Qsemble Capital Management LP bought a new position in Broadridge Financial Solutions in the 3rd quarter worth approximately $1,412,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Broadridge Financial Solutions by 22.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock valued at $7,191,000 after buying an additional 6,690 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. UBS Group started coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.43.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the transaction, the vice president now owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maura A. Markus sold 3,880 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the sale, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,294 shares of company stock worth $16,944,095. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Up 0.1 %

BR opened at $236.02 on Monday. The stock has a market cap of $27.59 billion, a PE ratio of 40.83 and a beta of 1.05. The business has a 50 day moving average of $220.06 and a 200-day moving average of $210.54. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $237.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Broadridge Financial Solutions 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.