Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 314,195 shares of the business services provider’s stock after purchasing an additional 29,934 shares during the quarter. Rhumbline Advisers owned about 0.27% of Broadridge Financial Solutions worth $25,393,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Acrospire Investment Management LLC acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $108,000. Toronto Dominion Bank grew its holdings in Broadridge Financial Solutions by 11.4% in 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. Global X Management Co. LLC grew its holdings in Broadridge Financial Solutions by 8.5% in the 2nd quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock valued at $116,000 after buying an additional 120 shares in the last quarter. Advisory Services Network LLC grew its holdings in Broadridge Financial Solutions by 82.8% in 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. Finally, Commonwealth Bank of Australia grew its holdings in Broadridge Financial Solutions by 60.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock valued at $120,000 after buying an additional 600 shares in the last quarter. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total value of $7,706,496.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up $0.04 during midday trading on Monday, hitting $90.17. The stock had a trading volume of 503,500 shares, compared to its average volume of 465,329. Broadridge Financial Solutions, Inc. has a one year low of $63.55 and a one year high of $91.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $10,504.88, a PE ratio of 27.07, a PEG ratio of 2.42 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 50.87%.

Several analysts recently weighed in on the company. BidaskClub downgraded Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. DA Davidson reiterated a “hold” rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, Barclays lifted their price target on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th.

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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.

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

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