Deutsche Bank AG increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,379,752 shares of the business services provider’s stock after buying an additional 380,595 shares during the period. Deutsche Bank AG’s holdings in Broadridge Financial Solutions were worth $124,975,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of BR. Assetmark Inc. increased its stake in Broadridge Financial Solutions by 397.5% in the fourth quarter. Assetmark Inc. now owns 1,582 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,264 shares in the last quarter. Wetherby Asset Management Inc. bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $200,000. Polaris Greystone Financial Group LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $202,000. Moody Aldrich Partners LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $204,000. Finally, Aureus Asset Management LLC bought a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $209,000. 83.56% of the stock is owned by institutional investors and hedge funds.
In related news, Director Leslie A. Brun sold 7,058 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $95.24, for a total transaction of $672,203.92. Following the completion of the transaction, the director now owns 37,846 shares in the company, valued at $3,604,453.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam D. Amsterdam sold 19,600 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $99.36, for a total transaction of $1,947,456.00. The disclosure for this sale can be found here. Insiders have sold 137,743 shares of company stock valued at $13,191,608 in the last three months. 2.60% of the stock is owned by insiders.
Shares of Broadridge Financial Solutions, Inc. (BR) opened at $108.35 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. Broadridge Financial Solutions, Inc. has a 12-month low of $66.49 and a 12-month high of $108.47. The stock has a market cap of $12,639.46, a price-to-earnings ratio of 34.51, a PEG ratio of 2.68 and a beta of 0.95.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. research analysts expect that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is 46.50%.
COPYRIGHT VIOLATION NOTICE: “Deutsche Bank AG Acquires 380,595 Shares of Broadridge Financial Solutions, Inc. (BR)” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3254849/deutsche-bank-ag-acquires-380595-shares-of-broadridge-financial-solutions-inc-br.html.
Broadridge Financial Solutions 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.
Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR).
Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.