United Capital Financial Advisers LLC Increases Stake in Broadridge Financial Solutions, Inc. (BR)

United Capital Financial Advisers LLC increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,655 shares of the business services provider’s stock after buying an additional 4,409 shares during the period. United Capital Financial Advisers LLC’s holdings in Broadridge Financial Solutions were worth $10,305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 1,679 shares of the business services provider’s stock valued at $111,000 after buying an additional 14 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Broadridge Financial Solutions by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,176 shares of the business services provider’s stock valued at $202,000 after buying an additional 174 shares during the period. Ropes Wealth Advisors LLC increased its position in shares of Broadridge Financial Solutions by 16.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,384 shares of the business services provider’s stock valued at $230,000 after buying an additional 478 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $233,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Broadridge Financial Solutions by 13.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,450 shares of the business services provider’s stock valued at $234,000 after buying an additional 400 shares during the period. Institutional investors own 84.81% of the company’s stock.

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

Shares of Broadridge Financial Solutions, Inc. (BR) traded down 0.24% during midday trading on Tuesday, hitting $75.87. 119,292 shares of the stock traded hands. The company has a market capitalization of $8.92 billion, a PE ratio of 29.72 and a beta of 1.00. Broadridge Financial Solutions, Inc. has a 12-month low of $59.86 and a 12-month high of $78.00. The firm’s 50 day moving average price is $73.43 and its 200 day moving average price is $68.96.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. Broadridge Financial Solutions had a return on equity of 34.74% and a net margin of 8.21%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $997.65 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue was up 46.4% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions, Inc. will post $3.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, June 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 51.56%.

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Separately, Zacks Investment Research upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st.

In related news, insider Robert Schifellite sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $72.83, for a total transaction of $364,150.00. Following the transaction, the insider now directly owns 79,167 shares of the company’s stock, valued at approximately $5,765,732.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $71.89, for a total value of $45,290.70. Following the transaction, the vice president now directly owns 5,271 shares in the company, valued at $378,932.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 323,032 shares of company stock worth $24,016,648. Company insiders own 3.50% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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