Broadridge Financial Solutions, Inc. (BR) Shares Bought by Ffcm LLC

Ffcm LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,696 shares of the business services provider’s stock after purchasing an additional 1,072 shares during the period. Ffcm LLC’s holdings in Broadridge Financial Solutions were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Broadridge Financial Solutions by 3.8% during the third quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock worth $118,123,000 after purchasing an additional 53,439 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Broadridge Financial Solutions by 0.6% during the third quarter. Wells Fargo & Company MN now owns 1,161,491 shares of the business services provider’s stock worth $93,872,000 after purchasing an additional 7,286 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Broadridge Financial Solutions by 1.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 860,629 shares of the business services provider’s stock worth $69,556,000 after purchasing an additional 8,602 shares during the last quarter. Swiss National Bank lifted its stake in Broadridge Financial Solutions by 1.7% during the fourth quarter. Swiss National Bank now owns 858,200 shares of the business services provider’s stock worth $77,736,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Broadridge Financial Solutions by 3.9% during the third quarter. Legal & General Group Plc now owns 730,628 shares of the business services provider’s stock worth $59,050,000 after purchasing an additional 27,302 shares during the last quarter. 83.50% of the stock is owned by hedge funds and other institutional investors.

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

A number of research firms have recently weighed in on BR. Barclays boosted their target price on Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday. DA Davidson reissued a “hold” rating and issued a $86.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Sandler O’Neill set a $95.00 target price on Broadridge Financial Solutions and gave the company a “hold” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $97.25.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $93.88 on Tuesday. Broadridge Financial Solutions, Inc. has a 52 week low of $66.49 and a 52 week high of $97.54. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $10,754.35, a PE ratio of 24.72, a PEG ratio of 2.28 and a beta of 1.01.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.50%.

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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.

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

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