ING Groep NV Has $11.41 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

ING Groep NV lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 233.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 53,069 shares of the business services provider’s stock after buying an additional 37,166 shares during the quarter. ING Groep NV’s holdings in Broadridge Financial Solutions were worth $11,411,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. NBC Securities Inc. boosted its holdings in shares of Broadridge Financial Solutions by 0.8% in the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after buying an additional 45 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Broadridge Financial Solutions by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider’s stock worth $2,001,000 after acquiring an additional 50 shares during the period. Garrison Asset Management LLC lifted its position in Broadridge Financial Solutions by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider’s stock valued at $3,535,000 after acquiring an additional 50 shares in the last quarter. TIAA Trust National Association boosted its stake in Broadridge Financial Solutions by 1.0% in the 1st quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock worth $1,120,000 after purchasing an additional 52 shares during the period. Finally, Brighton Jones LLC increased its holdings in Broadridge Financial Solutions by 2.5% during the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock worth $428,000 after purchasing an additional 52 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Trading Down 0.5 %

Shares of NYSE:BR opened at $227.92 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $180.16 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $26.64 billion, a P/E ratio of 39.43 and a beta of 1.05. The company has a 50-day simple moving average of $215.55 and a 200 day simple moving average of $207.80.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping 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 the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts forecast 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 will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. Broadridge Financial Solutions’s payout ratio is presently 60.90%.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.31, for a total value of $5,232,750.00. Following the transaction, the chief executive officer now directly owns 206,349 shares in the company, valued at approximately $43,190,909.19. This represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the completion of the sale, the president now owns 67,267 shares of the company’s stock, valued at $14,126,070. This trade represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,696 shares of company stock valued at $24,782,982. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Morgan Stanley upped their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $217.83.

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.