SG Americas Securities LLC Increases Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

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SG Americas Securities LLC grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 47.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 50,896 shares of the business services provider’s stock after purchasing an additional 16,442 shares during the period. SG Americas Securities LLC’s holdings in Broadridge Financial Solutions were worth $6,333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Harvest Group Wealth Management LLC increased its position in Broadridge Financial Solutions by 183.3% during the 2nd quarter. Harvest Group Wealth Management LLC now owns 221 shares of the business services provider’s stock worth $28,000 after purchasing an additional 143 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter worth about $37,000. CSat Investment Advisory L.P. increased its position in Broadridge Financial Solutions by 35.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 348 shares of the business services provider’s stock worth $45,000 after purchasing an additional 92 shares in the last quarter. Bridger Capital Management LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter worth about $52,000. Finally, HM Payson & Co. purchased a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 88.23% of the company’s stock.

A number of analysts recently commented on the company. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Raymond James cut Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Finally, SunTrust Banks lifted their price objective on Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $129.20.

In other Broadridge Financial Solutions news, insider C Elisa D. Garcia sold 5,089 shares of Broadridge Financial Solutions stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $15.48, for a total value of $78,777.72. Also, insider Vijay Mayadas sold 20,334 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $129.14, for a total value of $2,625,932.76. Following the completion of the sale, the insider now owns 36,286 shares of the company’s stock, valued at approximately $4,685,974.04. The disclosure for this sale can be found here. Insiders sold a total of 317,133 shares of company stock valued at $39,829,477 in the last 90 days. 2.20% of the stock is owned by company insiders.

BR traded down $0.90 during midday trading on Friday, hitting $119.58. The company’s stock had a trading volume of 447,871 shares, compared to its average volume of 770,699. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. The firm has a market cap of $14.12 billion, a P/E ratio of 25.66 and a beta of 0.69. The firm has a 50-day moving average price of $123.80 and a two-hundred day moving average price of $126.01. Broadridge Financial Solutions, Inc. has a 52-week low of $91.34 and a 52-week high of $136.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). The business had revenue of $949.00 million during the quarter, compared to analysts’ expectations of $979.61 million. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 5.12 EPS for the current year.

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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