Colony Group LLC Has $9.06 Million Position in Broadridge Financial Solutions, Inc. (BR)

Colony Group LLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,833 shares of the business services provider’s stock after purchasing an additional 14,157 shares during the quarter. Colony Group LLC owned approximately 0.10% of Broadridge Financial Solutions worth $9,055,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BR. BlackRock Inc. boosted its position in Broadridge Financial Solutions by 5,792.7% during the 1st quarter. BlackRock Inc. now owns 12,054,537 shares of the business services provider’s stock valued at $819,107,000 after purchasing an additional 11,849,968 shares during the period. Janus Henderson Group PLC boosted its position in Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock valued at $542,669,000 after purchasing an additional 6,770,958 shares during the period. Jensen Investment Management Inc. acquired a new position in Broadridge Financial Solutions during the 2nd quarter valued at approximately $77,899,000. Principal Financial Group Inc. boosted its position in Broadridge Financial Solutions by 91.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,408,096 shares of the business services provider’s stock valued at $106,396,000 after purchasing an additional 674,307 shares during the period. Finally, Vanguard Group Inc. boosted its position in Broadridge Financial Solutions by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,101,144 shares of the business services provider’s stock valued at $686,373,000 after purchasing an additional 369,176 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (BR) traded up 0.62% during mid-day trading on Friday, reaching $82.72. The company’s stock had a trading volume of 84,657 shares. The firm has a market capitalization of $9.63 billion, a P/E ratio of 30.64 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12 month low of $59.86 and a 12 month high of $82.80. The company has a 50 day moving average of $79.82 and a 200-day moving average of $74.81.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.71. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. Broadridge Financial Solutions’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, September 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 53.48%.

In other Broadridge Financial Solutions news, insider Richard J. Daly sold 94,039 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total value of $7,706,496.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stuart R. Levine sold 7,868 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.58, for a total value of $602,531.44. Following the completion of the transaction, the director now owns 39,747 shares in the company, valued at $3,043,825.26. The disclosure for this sale can be found here. Insiders sold a total of 119,720 shares of company stock worth $9,679,916 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

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A number of research analysts recently issued reports on BR shares. BidaskClub lowered Broadridge Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Barclays PLC boosted their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Finally, DA Davidson started coverage on Broadridge Financial Solutions in a research report on Monday, August 7th. They set a “neutral” rating and a $74.00 price objective for the company.

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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