Wealthsource Partners LLC Has $703,000 Holdings in Broadridge Financial Solutions, Inc. (BR)

Wealthsource Partners LLC cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,326 shares of the business services provider’s stock after selling 1,559 shares during the quarter. Wealthsource Partners LLC’s holdings in Broadridge Financial Solutions were worth $703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dearborn Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 2.1% in the third quarter. Dearborn Partners LLC now owns 113,582 shares of the business services provider’s stock worth $14,987,000 after buying an additional 2,352 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Broadridge Financial Solutions by 440.8% in the second quarter. Gabelli Funds LLC now owns 64,900 shares of the business services provider’s stock worth $7,470,000 after buying an additional 52,900 shares during the last quarter. Beaumont Financial Partners LLC acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $442,000. United Services Automobile Association lifted its stake in shares of Broadridge Financial Solutions by 20.7% in the second quarter. United Services Automobile Association now owns 99,791 shares of the business services provider’s stock worth $11,486,000 after buying an additional 17,104 shares during the last quarter. Finally, Accredited Investors Inc. acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $567,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.

A number of brokerages recently issued reports on BR. SunTrust Banks began coverage on shares of Broadridge Financial Solutions in a research report on Wednesday, August 29th. They set a “buy” rating and a $150.00 target price on the stock. Rosenblatt Securities began coverage on shares of Broadridge Financial Solutions in a research report on Wednesday. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Zacks Investment Research reaffirmed a “buy” rating and set a $128.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, November 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $118.33.

Shares of BR stock opened at $101.41 on Thursday. Broadridge Financial Solutions, Inc. has a 1 year low of $87.51 and a 1 year high of $138.24. The firm has a market cap of $12.04 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.69 and a current ratio of 1.69.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $970.19 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Broadridge Financial Solutions’s revenue was up 5.2% compared to the same quarter last year. Analysts predict that Broadridge Financial Solutions, Inc. will post 4.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 46.30%.

In other Broadridge Financial Solutions news, Director Stuart R. Levine sold 8,902 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $98.75, for a total value of $879,072.50. Following the sale, the director now owns 36,530 shares of the company’s stock, valued at approximately $3,607,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Daly sold 67,974 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $126.61, for a total transaction of $8,606,188.14. Following the completion of the sale, the chief executive officer now directly owns 233,673 shares in the company, valued at approximately $29,585,338.53. The disclosure for this sale can be found here. Insiders have sold 334,256 shares of company stock worth $43,588,422 in the last ninety days. 2.30% of the stock is currently owned by insiders.

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Broadridge Financial Solutions Company 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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