Advisor Group Inc. Has $2.19 Million Stake in Broadridge Financial Solutions, Inc. (BR)

Advisor Group Inc. lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,041 shares of the business services provider’s stock after purchasing an additional 4,103 shares during the quarter. Advisor Group Inc.’s holdings in Broadridge Financial Solutions were worth $2,185,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new position in Broadridge Financial Solutions in the second quarter worth $144,000. Acrospire Investment Management LLC purchased a new position in Broadridge Financial Solutions in the second quarter worth $108,000. Toronto Dominion Bank raised its position in Broadridge Financial Solutions by 11.4% in the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after acquiring an additional 149 shares in the last quarter. Global X Management Co. LLC raised its position in Broadridge Financial Solutions by 8.5% in the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock worth $116,000 after acquiring an additional 120 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after acquiring an additional 706 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Several research firms have weighed in on BR. DA Davidson reissued a “hold” rating and issued a $86.00 target price on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. BidaskClub lowered Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Barclays PLC increased their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday.

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Broadridge Financial Solutions, Inc. (NYSE:BR) opened at $88.66 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $62.59 and a twelve month high of $91.75. The company has a market capitalization of $10,341.70, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.25.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same quarter last year, the company earned $0.36 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts expect that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current year.

In other news, insider Richard J. Daly sold 94,039 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam D. Amsterdam sold 17,813 shares of the firm’s stock in a transaction 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 sale, the insider now owns 20,646 shares in the company, valued at approximately $1,588,916.16. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

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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