Broadridge Financial Solutions, Inc. (BR) Position Increased by Stratos Wealth Advisors LLC
Stratos Wealth Advisors LLC lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 56.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,484 shares of the business services provider’s stock after purchasing an additional 1,620 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $465,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its position in Broadridge Financial Solutions by 17.7% during the first quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock worth $811,304,000 after acquiring an additional 1,177,867 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Broadridge Financial Solutions by 8,044.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock valued at $43,000 after buying an additional 4,126,816 shares during the last quarter. Northern Trust Corp raised its position in shares of Broadridge Financial Solutions by 1.2% in the fourth quarter. Northern Trust Corp now owns 1,658,872 shares of the business services provider’s stock valued at $159,666,000 after buying an additional 19,433 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Broadridge Financial Solutions by 26.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,572,745 shares of the business services provider’s stock valued at $151,375,000 after buying an additional 332,615 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Broadridge Financial Solutions by 80.3% in the fourth quarter. Deutsche Bank AG now owns 1,501,941 shares of the business services provider’s stock valued at $144,559,000 after buying an additional 668,709 shares during the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
In related news, VP Laura Matlin sold 3,875 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $118.99, for a total value of $461,086.25. Following the completion of the sale, the vice president now directly owns 5,988 shares in the company, valued at $712,512.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas P. Carey sold 1,215 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $108.82, for a total transaction of $132,216.30. Following the completion of the sale, the vice president now owns 4,202 shares of the company’s stock, valued at $457,261.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,070 shares of company stock valued at $792,015. 2.30% of the stock is owned by insiders.
Shares of NYSE:BR traded up $2.00 during trading on Thursday, reaching $122.65. The stock had a trading volume of 9,247 shares, compared to its average volume of 925,777. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $13.62 billion, a PE ratio of 29.32, a P/E/G ratio of 2.52 and a beta of 0.88. Broadridge Financial Solutions, Inc. has a fifty-two week low of $91.34 and a fifty-two week high of $138.24.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, May 7th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. Broadridge Financial Solutions’s revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 4.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.94 dividend on an annualized basis and a yield of 1.58%. Broadridge Financial Solutions’s payout ratio is 46.30%.
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About Broadridge Financial Solutions
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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