Twin Tree Management LP Purchases New Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

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.

In related news, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the completion of the sale, the director now directly owns 44,482 shares in the company, valued at $3,937,101.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Schifellite sold 49,181 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,275 shares of company stock valued at $17,388,737. 2.60% of the stock is currently owned by insiders.

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%.

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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.

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

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