Mutual of America Capital Management LLC Sells 533 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Mutual of America Capital Management LLC trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,375 shares of the business services provider’s stock after selling 533 shares during the period. Mutual of America Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Broadridge Financial Solutions by 3,197.8% in the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock worth $43,945,000 after buying an additional 198,169 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $274,650,000. Earnest Partners LLC boosted its holdings in Broadridge Financial Solutions by 25.9% in the 1st quarter. Earnest Partners LLC now owns 364,195 shares of the business services provider’s stock valued at $74,609,000 after purchasing an additional 75,006 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Broadridge Financial Solutions by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock valued at $185,417,000 after purchasing an additional 72,018 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Broadridge Financial Solutions by 97.2% in the first quarter. Canada Pension Plan Investment Board now owns 105,871 shares of the business services provider’s stock worth $21,689,000 after purchasing an additional 52,171 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 26th. The shares were sold at an average price of $210.05, for a total value of $1,205,476.95. Following the transaction, the director now directly owns 77,318 shares of the company’s stock, valued at $16,240,645.90. The trade was a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maura A. Markus sold 3,880 shares of the stock in a transaction on 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 of the company’s stock, valued at $6,308,431.76. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,033 shares of company stock valued at $18,149,572 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. UBS Group assumed coverage on Broadridge Financial Solutions in a report on Thursday. They set a “neutral” rating and a $250.00 price objective for the company. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. lifted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley raised 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 report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and a consensus price target of $222.43.

Broadridge Financial Solutions Stock Up 1.2 %

Shares of NYSE BR opened at $230.24 on Friday. The stock has a market capitalization of $26.91 billion, a P/E ratio of 39.83 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a one year low of $185.30 and a one year high of $230.30. The firm’s 50 day simple moving average is $217.12 and its two-hundred day simple moving average is $208.88. 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 (NYSE:BR) last posted its quarterly earnings results 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 period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

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.