First Heartland Consultants Inc. Buys 100 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

First Heartland Consultants Inc. grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,055 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. First Heartland Consultants Inc.’s holdings in Broadridge Financial Solutions were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Broadridge Financial Solutions by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock valued at $2,866,238,000 after purchasing an additional 39,537 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Broadridge Financial Solutions by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,168,197 shares of the business services provider’s stock valued at $853,898,000 after acquiring an additional 28,180 shares during the period. Capital International Investors boosted its position in shares of Broadridge Financial Solutions by 0.3% in the first quarter. Capital International Investors now owns 3,061,983 shares of the business services provider’s stock valued at $627,278,000 after acquiring an additional 7,970 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of Broadridge Financial Solutions by 0.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider’s stock valued at $218,447,000 after acquiring an additional 6,634 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Broadridge Financial Solutions by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock valued at $185,417,000 after acquiring an additional 72,018 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 0.3 %

Shares of Broadridge Financial Solutions stock opened at $226.82 on Wednesday. Broadridge Financial Solutions, Inc. has a 1 year low of $176.29 and a 1 year high of $228.75. The firm has a market cap of $26.51 billion, a PE ratio of 39.24 and a beta of 1.05. The stock has a fifty day moving average price of $214.87 and a 200-day moving average price of $207.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data 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 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 analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Insider Activity

In other news, President Christopher John Perry sold 300 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $210.00, for a total transaction of $63,000.00. Following the completion of the sale, the president now owns 67,254 shares of the company’s stock, valued at approximately $14,123,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Christopher John Perry sold 300 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $210.00, for a total transaction of $63,000.00. Following the completion of the transaction, the president now owns 67,254 shares in the company, valued at $14,123,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owns 206,349 shares of the company’s stock, valued at approximately $43,190,909.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,996 shares of company stock worth $30,073,732. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley upped 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. Finally, JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions 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.