Broadridge Financial Solutions, Inc. (BR) Shares Bought by AHL Partners LLP

AHL Partners LLP grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 39.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,315 shares of the business services provider’s stock after buying an additional 18,735 shares during the quarter. AHL Partners LLP owned 0.06% of Broadridge Financial Solutions worth $5,010,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Broadridge Financial Solutions by 0.7% in the second quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock valued at $916,871,000 after buying an additional 79,827 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Broadridge Financial Solutions by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,101,144 shares of the business services provider’s stock valued at $686,373,000 after buying an additional 369,176 shares during the period. Janus Capital Management LLC boosted its holdings in shares of Broadridge Financial Solutions by 2.4% in the first quarter. Janus Capital Management LLC now owns 7,882,947 shares of the business services provider’s stock valued at $535,646,000 after buying an additional 187,411 shares during the period. State Street Corp boosted its holdings in shares of Broadridge Financial Solutions by 0.8% in the first quarter. State Street Corp now owns 4,345,508 shares of the business services provider’s stock valued at $295,283,000 after buying an additional 33,020 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Broadridge Financial Solutions by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock valued at $184,239,000 after buying an additional 10,182 shares during the period. Institutional investors own 83.77% of the company’s stock.

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Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. DA Davidson assumed coverage on shares of Broadridge Financial Solutions in a report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price target for the company. Finally, Barclays PLC upped their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, August 11th.

In other news, insider Adam D. Amsterdam sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the completion of the sale, the insider now owns 20,646 shares of the company’s stock, valued at approximately $1,588,916.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stuart R. Levine sold 7,868 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the sale, the director now directly owns 39,747 shares of the company’s stock, valued at approximately $3,043,825.26. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Broadridge Financial Solutions, Inc. (NYSE BR) opened at 81.68 on Friday. The stock has a 50 day moving average of $79.20 and a 200 day moving average of $74.41. The firm has a market cap of $9.51 billion, a PE ratio of 30.25 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12-month low of $59.86 and a 12-month high of $82.10.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The company’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a dividend of $0.365 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.79%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 53.48%.

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.

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

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