Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 3,280 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,073 shares of the business services provider’s stock after buying an additional 3,280 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $3,478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BR. State Street Corp lifted its stake in shares of Broadridge Financial Solutions by 0.3% in the 3rd quarter. State Street Corp now owns 5,169,587 shares of the business services provider’s stock valued at $645,994,000 after purchasing an additional 14,629 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Broadridge Financial Solutions by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 952,502 shares of the business services provider’s stock valued at $117,672,000 after purchasing an additional 10,705 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Broadridge Financial Solutions by 1.2% in the 4th quarter. Confluence Investment Management LLC now owns 925,658 shares of the business services provider’s stock valued at $114,356,000 after purchasing an additional 11,412 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 85.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 625,426 shares of the business services provider’s stock valued at $77,265,000 after purchasing an additional 288,653 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Broadridge Financial Solutions by 1.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 534,854 shares of the business services provider’s stock valued at $66,076,000 after purchasing an additional 5,507 shares during the last quarter. 86.91% of the stock is owned by institutional investors.

In related news, Director Thomas J. Perna sold 7,680 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $121.57, for a total transaction of $933,657.60. Following the completion of the sale, the director now directly owns 36,127 shares of the company’s stock, valued at approximately $4,391,959.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Douglas Richard Deschutter sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $121.86, for a total value of $1,827,900.00. Insiders have sold a total of 68,574 shares of company stock valued at $8,325,780 over the last three months. 2.20% of the stock is owned by corporate insiders.

NYSE:BR opened at $122.28 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $97.37 and a 1 year high of $136.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 34.25 and a beta of 0.70. The business has a 50 day simple moving average of $125.16 and a 200-day simple moving average of $124.68.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.23). Broadridge Financial Solutions had a return on equity of 45.83% and a net margin of 9.68%. The business had revenue of $969.00 million for the quarter, compared to the consensus estimate of $998.02 million. During the same period in the prior year, the business posted $0.56 earnings per share. Broadridge Financial Solutions’s revenue was up 1.7% on a year-over-year basis. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 13th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 12th. Broadridge Financial Solutions’s dividend payout ratio is currently 46.35%.

BR has been the subject of several analyst reports. Zacks Investment Research raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating and set a $128.00 price objective for the company in a research note on Tuesday, December 17th. DA Davidson raised Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $134.00 to $138.00 in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $135.75.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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