Broadridge Financial Solutions, Inc. (BR) Position Raised by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,345 shares of the business services provider’s stock after acquiring an additional 6,840 shares during the period. Ladenburg Thalmann Financial Services Inc. owned 0.05% of Broadridge Financial Solutions worth $7,053,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BR. BlackRock Inc. raised its holdings in Broadridge Financial Solutions by 6.3% during the fourth quarter. BlackRock Inc. now owns 13,884,096 shares of the business services provider’s stock worth $1,257,619,000 after buying an additional 818,115 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Broadridge Financial Solutions by 75.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,110,408 shares of the business services provider’s stock valued at $121,839,000 after purchasing an additional 479,306 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Broadridge Financial Solutions by 38.1% in the fourth quarter. Deutsche Bank AG now owns 1,379,752 shares of the business services provider’s stock valued at $124,975,000 after purchasing an additional 380,595 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Broadridge Financial Solutions by 59.3% in the fourth quarter. Renaissance Technologies LLC now owns 699,300 shares of the business services provider’s stock valued at $63,343,000 after purchasing an additional 260,236 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Broadridge Financial Solutions by 343.8% in the first quarter. Teacher Retirement System of Texas now owns 170,613 shares of the business services provider’s stock valued at $18,715,000 after purchasing an additional 132,171 shares during the last quarter. Institutional investors own 84.59% of the company’s stock.

Broadridge Financial Solutions traded down $0.31, reaching $116.48, on Friday, Marketbeat reports. 1,660,133 shares of the company’s stock were exchanged, compared to its average volume of 2,310,338. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $13.77 billion, a PE ratio of 37.21, a P/E/G ratio of 2.78 and a beta of 0.86. Broadridge Financial Solutions, Inc. has a 52 week low of $71.58 and a 52 week high of $119.99.



Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, May 8th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.21. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Broadridge Financial Solutions had a net margin of 9.37% and a return on equity of 45.33%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 15th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.25%. Broadridge Financial Solutions’s dividend payout ratio is presently 46.65%.

In other news, CEO Richard J. Daly sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $107.44, for a total value of $2,793,440.00. Following the completion of the transaction, the chief executive officer now directly owns 337,845 shares in the company, valued at $36,298,066.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Julie R. Taylor sold 1,197 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $114.73, for a total transaction of $137,331.81. Following the completion of the transaction, the vice president now owns 2,762 shares of the company’s stock, valued at $316,884.26. The disclosure for this sale can be found here. Insiders have sold 203,270 shares of company stock valued at $23,520,457 in the last quarter. Company insiders own 2.60% of the company’s stock.

BR has been the subject of several research reports. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. DA Davidson increased their price target on shares of Broadridge Financial Solutions from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Finally, ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $100.25.

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.

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

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