Virtu Financial LLC Purchases 7,619 Shares of Broadridge Financial Solutions, Inc. (BR)

Virtu Financial LLC lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 329.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,934 shares of the business services provider’s stock after buying an additional 7,619 shares during the quarter. Virtu Financial LLC’s holdings in Broadridge Financial Solutions were worth $1,311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter worth $154,000. Massachusetts Financial Services Co. MA boosted its holdings in Broadridge Financial Solutions by 101.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,176 shares of the business services provider’s stock worth $4,739,000 after buying an additional 20,734 shares during the period. Dupont Capital Management Corp boosted its holdings in Broadridge Financial Solutions by 54.3% in the 2nd quarter. Dupont Capital Management Corp now owns 3,269 shares of the business services provider’s stock worth $376,000 after buying an additional 1,150 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Broadridge Financial Solutions by 40.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,073 shares of the business services provider’s stock worth $1,620,000 after buying an additional 4,072 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Broadridge Financial Solutions by 10.7% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,205 shares of the business services provider’s stock worth $1,174,000 after buying an additional 984 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

BR opened at $105.87 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $87.51 and a 52 week high of $138.24. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 2.26 and a beta of 0.95. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Broadridge Financial Solutions had a net margin of 10.39% and a return on equity of 46.83%. The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $970.19 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 4.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

BR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, August 10th. Sandler O’Neill reaffirmed a “hold” rating and issued a $130.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, August 7th. Finally, SunTrust Banks began coverage on shares of Broadridge Financial Solutions in a report on Wednesday, August 29th. They set a “buy” rating and a $150.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $120.00.

In other news, Director Stuart R. Levine sold 8,902 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $98.75, for a total transaction of $879,072.50. Following the sale, the director now directly owns 36,530 shares in the company, valued at approximately $3,607,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Daly sold 47,192 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $134.11, for a total transaction of $6,328,919.12. Following the sale, the chief executive officer now owns 387,336 shares in the company, valued at $51,945,630.96. The disclosure for this sale can be found here. Insiders have sold a total of 334,256 shares of company stock valued at $43,588,422 in the last three months. Insiders own 2.30% of the company’s stock.

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Broadridge Financial Solutions 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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