Sigma Planning Corp lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 6.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,636 shares of the business services provider’s stock after acquiring an additional 156 shares during the period. Sigma Planning Corp’s holdings in Broadridge Financial Solutions were worth $386,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Money Concepts Capital Corp grew its position in shares of Broadridge Financial Solutions by 400.0% during the 4th quarter. Money Concepts Capital Corp now owns 195 shares of the business services provider’s stock worth $26,000 after buying an additional 156 shares during the period. Resurgent Financial Advisors LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter worth $27,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Broadridge Financial Solutions by 730.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 249 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $38,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 104.9% in the first quarter. Eagle Bay Advisors LLC now owns 666 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 341 shares in the last quarter. 89.05% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Broadridge Financial Solutions news, SVP Robert Schifellite sold 26,109 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $179.27, for a total value of $4,680,560.43. Following the completion of the sale, the senior vice president now owns 48,082 shares in the company, valued at $8,619,660.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Laura Matlin sold 4,052 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $153.73, for a total value of $622,913.96. Following the sale, the vice president now directly owns 5,825 shares of the company’s stock, valued at $895,477.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert Schifellite sold 26,109 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $179.27, for a total value of $4,680,560.43. Following the completion of the sale, the senior vice president now directly owns 48,082 shares in the company, valued at $8,619,660.14. The disclosure for this sale can be found here. Insiders sold 47,179 shares of company stock worth $8,158,444 in the last quarter. 1.60% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Analysis on Broadridge Financial Solutions
Broadridge Financial Solutions Trading Up 1.4 %
Shares of BR opened at $181.90 on Friday. The business has a 50-day moving average of $164.62 and a 200 day moving average of $152.33. Broadridge Financial Solutions, Inc. has a fifty-two week low of $131.35 and a fifty-two week high of $183.33. The firm has a market cap of $21.49 billion, a P/E ratio of 34.39 and a beta of 1.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.35 and a current ratio of 0.58.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last posted its earnings results on Tuesday, August 8th. The business services provider reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.11. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.87 billion. Broadridge Financial Solutions had a return on equity of 42.09% and a net margin of 10.40%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 EPS. As a group, research analysts forecast that Broadridge Financial Solutions, Inc. will post 7.65 EPS for the current year.
Broadridge Financial Solutions Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.80 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, September 14th. This represents a $3.20 dividend on an annualized basis and a yield of 1.76%. Broadridge Financial Solutions’s payout ratio is presently 60.49%.
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.
Read More
- Five stocks we like better than Broadridge Financial Solutions
- How to Invest in Solar Energy
- MarketBeat Week in Review – 8/7 – 8/11
- How Investors Can Identify and Successfully Trade Gap-Up Stocks
- 3 Retailers To Watch Closely Next Week
- What is a Secondary Public Offering? What Investors Need to Know
- Investing in Coffee: 3 Great Strategies to Consider
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.
