Dimensional Fund Advisors LP Sells 283 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Dimensional Fund Advisors LP cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 840,109 shares of the business services provider’s stock after selling 283 shares during the period. Dimensional Fund Advisors LP owned about 0.71% of Broadridge Financial Solutions worth $139,138,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BR. Money Concepts Capital Corp grew its holdings in shares of Broadridge Financial Solutions by 400.0% in the 4th quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 156 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in shares of Broadridge Financial Solutions by 56.4% during the 2nd quarter. Larson Financial Group LLC now owns 183 shares of the business services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Broadridge Financial Solutions by 64.1% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 338 shares of the business services provider’s stock valued at $50,000 after buying an additional 132 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new stake in Broadridge Financial Solutions during the first quarter worth $54,000. Institutional investors own 89.36% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Keir D. Gumbs sold 2,688 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $186.41, for a total value of $501,070.08. Following the completion of the sale, the vice president now directly owns 14,023 shares in the company, valued at $2,614,027.43. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Richard J. Daly sold 8,297 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $185.40, for a total value of $1,538,263.80. Following the completion of the sale, the chairman now directly owns 111,721 shares in the company, valued at $20,713,073.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Keir D. Gumbs sold 2,688 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $186.41, for a total value of $501,070.08. Following the completion of the sale, the vice president now owns 14,023 shares of the company’s stock, valued at $2,614,027.43. The disclosure for this sale can be found here. Insiders sold a total of 48,204 shares of company stock worth $8,745,671 over the last quarter. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BR shares. Raymond James boosted their price objective on shares of Broadridge Financial Solutions from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Wolfe Research raised Broadridge Financial Solutions from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, October 17th. JPMorgan Chase & Co. boosted their price target on Broadridge Financial Solutions from $178.00 to $192.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 22nd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley boosted their price target on Broadridge Financial Solutions from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.67.

Broadridge Financial Solutions Trading Up 0.6 %

Shares of NYSE:BR opened at $183.71 on Tuesday. Broadridge Financial Solutions, Inc. has a 12-month low of $131.83 and a 12-month high of $189.69. The stock has a market cap of $21.61 billion, a PE ratio of 32.63 and a beta of 0.96. The business has a 50 day moving average of $179.11 and a 200-day moving average of $170.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.74.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio is presently 56.84%.

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.