Atlas Legacy Advisors LLC Purchases 620 Shares of Broadridge Financial Solutions, Inc. $BR

Atlas Legacy Advisors LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,065 shares of the business services provider’s stock after acquiring an additional 620 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Broadridge Financial Solutions were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BR. Vanguard Group Inc. increased its stake in Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after purchasing an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Broadridge Financial Solutions by 2.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider’s stock valued at $409,662,000 after buying an additional 39,846 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Broadridge Financial Solutions by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider’s stock worth $283,278,000 after acquiring an additional 38,527 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Broadridge Financial Solutions by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,076,761 shares of the business services provider’s stock worth $261,071,000 after acquiring an additional 33,635 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after acquiring an additional 883,125 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $217.20 on Friday. The stock has a 50 day moving average of $237.27 and a 200 day moving average of $241.77. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 27.81 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 12 month low of $212.33 and a 12 month high of $271.91. The company has a current ratio of 0.93, a quick ratio of 0.98 and a debt-to-equity ratio of 1.06.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The business had revenue of $1.05 billion for the quarter. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Wall Street Analyst Weigh In

BR has been the subject of a number of analyst reports. UBS Group lifted their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. Needham & Company LLC upped their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $264.83.

Insider Activity

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the transaction, the chief executive officer directly owned 165,634 shares in the company, valued at $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Company 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.