Broadridge Financial Solutions, Inc. (BR) Shares Bought by Wambolt & Associates LLC

Wambolt & Associates LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 61.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,939 shares of the business services provider’s stock after buying an additional 1,497 shares during the period. Wambolt & Associates LLC’s holdings in Broadridge Financial Solutions were worth $430,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Broadridge Financial Solutions by 8,044.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock worth $43,000 after purchasing an additional 4,126,816 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Broadridge Financial Solutions by 71.4% in the third quarter. AQR Capital Management LLC now owns 1,995,511 shares of the business services provider’s stock valued at $263,308,000 after purchasing an additional 831,086 shares during the last quarter. Northern Trust Corp increased its holdings 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 purchasing an additional 19,433 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 332,615 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings 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 purchasing an additional 668,709 shares during the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Raymond James upgraded shares of Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a report on Wednesday, March 13th. SunTrust Banks reiterated a “buy” rating and issued a $110.00 price objective on shares of Broadridge Financial Solutions in a report on Sunday, January 6th. Finally, DA Davidson upgraded shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Friday, February 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Broadridge Financial Solutions has an average rating of “Buy” and a consensus target price of $117.67.

In related news, Director Alan J. Weber sold 1,980 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $100.36, for a total value of $198,712.80. Following the completion of the transaction, the director now owns 51,588 shares in the company, valued at approximately $5,177,371.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 1,215 shares of the firm’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 transaction, the vice president now owns 4,202 shares of the company’s stock, valued at approximately $457,261.64. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Shares of BR stock traded up $0.80 on Thursday, hitting $110.30. The company’s stock had a trading volume of 955,734 shares, compared to its average volume of 906,715. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.62 and a current ratio of 1.62. Broadridge Financial Solutions, Inc. has a fifty-two week low of $91.34 and a fifty-two week high of $138.24. The company has a market capitalization of $12.67 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.84.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.15). Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. The business had revenue of $953.40 million during the quarter, compared to analyst estimates of $967.21 million. During the same quarter last year, the company posted $0.79 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 4.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 1.76%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

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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.

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

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