Huntington National Bank Purchases 61 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Huntington National Bank grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,233 shares of the business services provider’s stock after buying an additional 61 shares during the quarter. Huntington National Bank’s holdings in Broadridge Financial Solutions were worth $480,000 at the end of the most recent reporting period.

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

Broadridge Financial Solutions Stock Performance

BR stock opened at $227.78 on Friday. The firm has a 50-day simple moving average of $215.95 and a two-hundred day simple moving average of $208.12. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a one year low of $180.31 and a one year high of $230.00. The firm has a market cap of $26.63 billion, a price-to-earnings ratio of 39.41 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results 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. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. Broadridge Financial Solutions’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.90%.

Analyst Ratings Changes

BR has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target 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. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, Morgan Stanley increased 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $217.83.

Insider Activity at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 19th. The shares were 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 directly owns 67,267 shares in the company, valued at approximately $14,126,070. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard J. Daly sold 21,938 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares in the company, valued at $21,823,820.04. This trade represents a 17.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,696 shares of company stock valued at $24,782,982 in the last ninety days. Corporate 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.