Hantz Financial Services Inc. Has $3.50 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Hantz Financial Services Inc. raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 222.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,472 shares of the business services provider’s stock after buying an additional 10,668 shares during the quarter. Hantz Financial Services Inc.’s holdings in Broadridge Financial Solutions were worth $3,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth $44,746,000. Assenagon Asset Management S.A. raised its stake in shares of Broadridge Financial Solutions by 3,197.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock worth $43,945,000 after purchasing an additional 198,169 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Broadridge Financial Solutions by 2,302.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock valued at $31,618,000 after buying an additional 140,886 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $274,650,000. Finally, BNP Paribas Financial Markets increased its holdings in Broadridge Financial Solutions by 97.7% in the third quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider’s stock worth $42,765,000 after buying an additional 98,275 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BR shares. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. DA Davidson restated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. UBS Group began coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a “neutral” rating and a $250.00 price target for the company. Finally, Morgan Stanley raised their price objective on 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $226.71.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $239.12 on Friday. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 41.37 and a beta of 1.08. The business has a 50 day moving average price of $231.10 and a 200 day moving average price of $219.96. 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, Inc. has a twelve month low of $188.30 and a twelve month high of $241.45.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Activity

In related news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,532 shares of company stock valued at $12,264,846. Insiders own 1.30% 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.