Twin Tree Management LP bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,832 shares of the business services provider’s stock, valued at approximately $891,000.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Broadridge Financial Solutions by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 549,318 shares of the business services provider’s stock worth $41,505,000 after buying an additional 6,727 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Broadridge Financial Solutions in the second quarter valued at about $296,000. The Manufacturers Life Insurance Company boosted its holdings in Broadridge Financial Solutions by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 174,004 shares of the business services provider’s stock valued at $13,147,000 after purchasing an additional 2,300 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Broadridge Financial Solutions by 121.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,835 shares of the business services provider’s stock valued at $970,000 after purchasing an additional 7,049 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Broadridge Financial Solutions in the second quarter valued at about $1,030,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.
BR has been the topic of several research reports. Sandler O’Neill restated a “hold” rating and set a $101.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, February 15th. Barclays upped their price objective on Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. DA Davidson reiterated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $98.75.
Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up $1.53 during midday trading on Friday, reaching $101.38. The company’s stock had a trading volume of 669,063 shares, compared to its average volume of 661,863. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. The company has a market cap of $11,647.92, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.47 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a 52-week low of $66.49 and a 52-week high of $101.40.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. analysts predict that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be given a $0.365 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.44%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.50%.
About Broadridge Financial Solutions
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.
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