Asset Management One Co. Ltd. Has $14.97 Million Stake in Broadridge Financial Solutions, Inc. (BR)

Asset Management One Co. Ltd. trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,261 shares of the business services provider’s stock after selling 2,237 shares during the period. Asset Management One Co. Ltd. owned 0.16% of Broadridge Financial Solutions worth $14,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BR. ETRADE Capital Management LLC raised its position in Broadridge Financial Solutions by 0.9% during the second quarter. ETRADE Capital Management LLC now owns 6,891 shares of the business services provider’s stock valued at $521,000 after purchasing an additional 60 shares in the last quarter. Alps Advisors Inc. raised its position in Broadridge Financial Solutions by 0.9% during the second quarter. Alps Advisors Inc. now owns 7,760 shares of the business services provider’s stock valued at $586,000 after purchasing an additional 68 shares in the last quarter. Stanley Laman Group Ltd. raised its position in Broadridge Financial Solutions by 0.9% during the second quarter. Stanley Laman Group Ltd. now owns 9,905 shares of the business services provider’s stock valued at $748,000 after purchasing an additional 91 shares in the last quarter. Pacad Investment Ltd. raised its position in Broadridge Financial Solutions by 1.3% during the second quarter. Pacad Investment Ltd. now owns 7,598 shares of the business services provider’s stock valued at $574,000 after purchasing an additional 98 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in Broadridge Financial Solutions by 3.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,661 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 83.55% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (BR) traded down $0.27 during trading on Friday, hitting $88.84. 415,100 shares of the company traded hands, compared to its average volume of 465,756. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions, Inc. has a one year low of $64.94 and a one year high of $91.75. The company has a market capitalization of $10,429.12, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.64%. Broadridge Financial Solutions’s dividend payout ratio is 50.87%.

Several brokerages have recently issued reports on BR. Barclays reiterated a “hold” rating and set a $95.00 price target on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson reiterated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Finally, BidaskClub upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating, Broadridge Financial Solutions has an average rating of “Hold” and a consensus target price of $90.50.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total transaction of $677,544.05. Following the sale, the director now owns 44,482 shares of the company’s stock, valued at $3,937,101.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schifellite sold 49,181 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares in the company, valued at approximately $13,347,224.07. The disclosure for this sale can be found here. In the last three months, insiders sold 150,875 shares of company stock worth $12,784,264. 2.60% of the stock is currently owned by insiders.

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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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