Broadridge Financial Solutions, Inc. $BR Stock Holdings Increased by New Millennium Group LLC

New Millennium Group LLC increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 12,925.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,643 shares of the business services provider’s stock after purchasing an additional 6,592 shares during the quarter. New Millennium Group LLC’s holdings in Broadridge Financial Solutions were worth $1,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC raised its holdings in shares of Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 90 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 64 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 117 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 84,571 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares of the company’s stock, valued at $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the sale, the president directly owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 147,532 shares of company stock valued at $38,417,208 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Up 0.7%

BR stock opened at $222.73 on Wednesday. The stock has a market capitalization of $26.00 billion, a P/E ratio of 31.41 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91. The firm has a 50-day moving average price of $238.86 and a 200-day moving average price of $242.11.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. The firm had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. DA Davidson restated a “neutral” rating and issued a $240.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average target price of $265.67.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.