Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,501 shares of the business services provider’s stock after buying an additional 386 shares during the period. Princeton Global Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC raised its position in shares of Broadridge Financial Solutions by 6.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 4,002 shares of the business services provider’s stock valued at $613,000 after buying an additional 253 shares during the last quarter. Blair William & Co. IL raised its position in shares of Broadridge Financial Solutions by 2.3% in the fourth quarter. Blair William & Co. IL now owns 33,828 shares of the business services provider’s stock valued at $5,182,000 after buying an additional 765 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Broadridge Financial Solutions by 2.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,373 shares of the business services provider’s stock valued at $5,879,000 after buying an additional 853 shares during the last quarter. Northstar Group Inc. raised its position in shares of Broadridge Financial Solutions by 6.4% in the fourth quarter. Northstar Group Inc. now owns 23,510 shares of the business services provider’s stock valued at $3,602,000 after buying an additional 1,406 shares during the last quarter. Finally, Buckhead Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 2.5% in the fourth quarter. Buckhead Capital Management LLC now owns 12,821 shares of the business services provider’s stock valued at $1,964,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Several equities research analysts recently issued reports on BR shares. BTIG Research upgraded shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Wednesday, February 3rd. Raymond James raised their price objective on shares of Broadridge Financial Solutions from $155.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Finally, Truist started coverage on shares of Broadridge Financial Solutions in a research report on Friday, December 18th. They set a “buy” rating and a $175.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $154.17.

In other Broadridge Financial Solutions news, VP Adam D. Amsterdam sold 20,936 shares of the business’s stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $148.49, for a total transaction of $3,108,786.64. Following the sale, the vice president now directly owns 21,400 shares in the company, valued at approximately $3,177,686. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Christopher John Perry sold 24,790 shares of the business’s stock in a transaction on Friday, December 18th. The stock was sold at an average price of $152.12, for a total transaction of $3,771,054.80. Following the sale, the president now owns 80,260 shares in the company, valued at $12,209,151.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,425 shares of company stock worth $7,415,568. 2.00% of the stock is currently owned by insiders.

BR stock traded down $2.42 during mid-day trading on Tuesday, hitting $145.08. 4,630 shares of the company were exchanged, compared to its average volume of 653,965. The business has a fifty day simple moving average of $149.00 and a 200-day simple moving average of $143.64. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.26. Broadridge Financial Solutions, Inc. has a 12-month low of $81.90 and a 12-month high of $158.36. The firm has a market capitalization of $16.80 billion, a P/E ratio of 35.80 and a beta of 0.83.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Monday, February 1st. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Broadridge Financial Solutions had a net margin of 10.27% and a return on equity of 48.98%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $0.53 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts predict that Broadridge Financial Solutions, Inc. will post 5.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 2nd. Investors of record on Monday, March 15th will be given a $0.575 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $2.30 dividend on an annualized basis and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.73%.

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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