Broadridge Financial Solutions, Inc. (BR) Shares Bought by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,142 shares of the business services provider’s stock after buying an additional 450 shares during the period. Broadridge Financial Solutions makes up approximately 1.5% of O Brien Greene & Co. Inc’s portfolio, making the stock its 29th biggest position. O Brien Greene & Co. Inc’s holdings in Broadridge Financial Solutions were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BR. Securian Asset Management Inc increased its stake in Broadridge Financial Solutions by 0.8% during the fourth quarter. Securian Asset Management Inc now owns 12,131 shares of the business services provider’s stock worth $1,168,000 after purchasing an additional 100 shares during the period. Northwest Investment Counselors LLC increased its stake in Broadridge Financial Solutions by 0.9% during the fourth quarter. Northwest Investment Counselors LLC now owns 11,791 shares of the business services provider’s stock worth $1,135,000 after purchasing an additional 107 shares during the period. Coldstream Capital Management Inc. increased its stake in Broadridge Financial Solutions by 0.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 12,230 shares of the business services provider’s stock worth $1,177,000 after purchasing an additional 111 shares during the period. Eukles Asset Management increased its stake in Broadridge Financial Solutions by 4.6% during the first quarter. Eukles Asset Management now owns 2,617 shares of the business services provider’s stock worth $271,000 after purchasing an additional 115 shares during the period. Finally, Oakbrook Investments LLC increased its stake in Broadridge Financial Solutions by 1.1% during the first quarter. Oakbrook Investments LLC now owns 11,973 shares of the business services provider’s stock worth $1,241,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 84.35% of the company’s stock.

Shares of Broadridge Financial Solutions stock traded down $0.09 on Monday, reaching $117.93. 17,410 shares of the company were exchanged, compared to its average volume of 974,197. Broadridge Financial Solutions, Inc. has a 1-year low of $91.34 and a 1-year high of $138.24. The company has a market cap of $13.64 billion, a PE ratio of 28.13, a P/E/G ratio of 2.55 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.62 and a current ratio of 1.62.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.15). Broadridge Financial Solutions had a return on equity of 43.95% and a net margin of 10.25%. The company had revenue of $953.40 million for the quarter, compared to analyst estimates of $967.21 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 4.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is presently 46.30%.

BR has been the topic of a number of recent research reports. DA Davidson upgraded shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Friday, February 8th. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, April 10th. SunTrust Banks reissued a “buy” rating and set a $110.00 price objective on shares of Broadridge Financial Solutions in a research report on Sunday, January 6th. Finally, Raymond James raised Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $119.67.

In related news, Director Alan J. Weber sold 1,980 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $100.36, for a total value of $198,712.80. Following the completion of the transaction, the director now directly owns 51,588 shares of the company’s stock, valued at $5,177,371.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 1,215 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 4,202 shares of the company’s stock, valued at $457,261.64. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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

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