SVB Wealth LLC Trims Holdings in Broadridge Financial Solutions, Inc. $BR

SVB Wealth LLC reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 33.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,360 shares of the business services provider's stock after selling 18,002 shares during the quarter. SVB Wealth LLC's holdings in Broadridge Financial Solutions were worth $8,837,000 at the end of the most recent quarter.MarketBeat Week in Review – 11/17 - 11/21A number of other hedge funds have also added to or reduced their stakes in BR. Vanguard Group Inc. increased its position in shares of Broadridge Financial Solutions by 2.0% during the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider's stock valued at $3,653,086,000 after buying an additional 298,273 shares during the period. Geode Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 4.3% during the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider's stock valued at $797,031,000 after purchasing an additional 136,386 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Broadridge Financial Solutions by 3.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider's stock worth $425,610,000 after purchasing an additional 61,659 shares during the period. Invesco Ltd. raised its holdings in Broadridge Financial Solutions by 2.5% in the second quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider's stock worth $356,470,000 after purchasing an additional 36,355 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Broadridge Financial Solutions by 1.9% in the second quarter. Bahl & Gaynor Inc. now owns 1,190,777 shares of the business services provider's stock worth $289,395,000 after purchasing an additional 22,426 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors. Insider Activity at Broadridge Financial SolutionsIn other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the sale, the vice president owned 6,026 shares of the company's stock, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Christopher John Perry sold 3,984 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the transaction, the president directly owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company's stock. Broadridge Financial Solutions Stock Up 0.5%MarketBeat Week in Review – 11/10 - 11/14BR stock opened at $232.00 on Monday. The stock has a market capitalization of $27.08 billion, a P/E ratio of 29.71 and a beta of 0.99. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. Broadridge Financial Solutions, Inc. has a 1-year low of $212.33 and a 1-year high of $271.91. The business has a fifty day moving average price of $228.64 and a 200-day moving average price of $240.32. Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. The company had revenue of $1.05 billion for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year. Broadridge Financial Solutions Dividend AnnouncementAs Warren Buffett Nears His Exit, Berkshire's Amassed Record CashThe business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions's dividend payout ratio is 49.94%. Wall Street Analysts Forecast GrowthA number of analysts have recently commented on BR shares. DA Davidson restated a "neutral" rating and set a $240.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings restated a "buy (b)" rating on shares of Broadridge Financial Solutions in a report on Monday, December 1st. Morgan Stanley dropped their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Finally, UBS Group reduced their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $259.83.Get Our Latest Stock Analysis on BRBroadridge Financial Solutions Company Profile (Free Report)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.Further ReadingFive stocks we like better than Broadridge Financial SolutionsBest Energy Stocks - Energy Stocks to Buy NowBroadcom’s Biggest Test Yet: Will Q4 Earnings Spark Another Rally?Procter & Gamble NYSE: PG Pulls Back After Shaky GuidanceRubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastWhat Is WallStreetBets and What Stocks Are They Targeting?Five Below and Dollar Tree Earnings Signal a Shopper ShiftWant to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Broadridge Financial Solutions Right Now?Before you consider Broadridge Financial Solutions, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadridge Financial Solutions wasn't on the list.While Broadridge Financial Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here