14,000 Shares in Broadridge Financial Solutions, Inc. (BR) Purchased by Bp Plc

Bp Plc acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, Holdings Channel reports. The fund acquired 14,000 shares of the business services provider’s stock, valued at approximately $1,269,000.

Several other hedge funds have also modified their holdings of BR. Toronto Dominion Bank lifted its stake in shares of Broadridge Financial Solutions by 11.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after buying an additional 149 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Broadridge Financial Solutions by 82.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after buying an additional 706 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $204,000. Aureus Asset Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $209,000. Finally, Court Place Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $210,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Robert Schifellite sold 49,181 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares in the company, valued at approximately $13,347,224.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard J. Haviland sold 7,655 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the completion of the sale, the director now owns 44,482 shares in the company, valued at $3,937,101.82. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $92.19 on Monday. The company has a market cap of $10,754.33, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a one year low of $66.49 and a one year high of $97.54. The company has a quick ratio of 1.70, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. equities analysts forecast that Broadridge Financial Solutions, Inc. will post 4.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 46.50%.

BR has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, DA Davidson restated a “hold” rating and set a $86.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $97.25.

WARNING: “14,000 Shares in Broadridge Financial Solutions, Inc. (BR) Purchased by Bp Plc” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/02/12/14000-shares-in-broadridge-financial-solutions-inc-br-purchased-by-bp-plc.html.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Want 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).

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

Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit