FNY Investment Advisers LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,800 shares of the business services provider’s stock, valued at approximately $186,000.
Several other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. boosted its position in shares of Broadridge Financial Solutions by 117.3% during the 4th quarter. Whittier Trust Co. now owns 289 shares of the business services provider’s stock worth $28,000 after purchasing an additional 156 shares during the period. Pinnacle Bank purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. 1832 Asset Management L.P. purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $39,000. Capital Financial Planning LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $39,000. Finally, CX Institutional purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $41,000. 84.26% of the stock is owned by institutional investors and hedge funds.
In other news, VP Thomas P. Carey sold 1,215 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $108.82, for a total value of $132,216.30. Following the sale, the vice president now directly owns 4,202 shares in the company, valued at approximately $457,261.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan J. Weber sold 1,980 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $100.36, for a total transaction of $198,712.80. Following the completion of the sale, the director now owns 51,588 shares in the company, valued at $5,177,371.68. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Shares of BR stock opened at $112.79 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.62. Broadridge Financial Solutions, Inc. has a 52 week low of $91.34 and a 52 week high of $138.24. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.15). Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. The business had revenue of $953.40 million during the quarter, compared to analysts’ expectations of $967.21 million. During the same period in the prior year, the business earned $0.79 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 4.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were issued a $0.485 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.72%. Broadridge Financial Solutions’s payout ratio is 46.30%.
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About Broadridge Financial Solutions
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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