Stephens Inc. AR Reduces Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Stephens Inc. AR lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,132 shares of the business services provider’s stock after selling 76 shares during the period. Stephens Inc. AR’s holdings in Broadridge Financial Solutions were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $25,000. Venture Visionary Partners LLC purchased a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $29,000. Clear Street Markets LLC boosted its position in Broadridge Financial Solutions by 406.3% in the second quarter. Clear Street Markets LLC now owns 243 shares of the business services provider’s stock valued at $35,000 after buying an additional 195 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in Broadridge Financial Solutions by 82.5% in the first quarter. Lumature Wealth Partners LLC now owns 365 shares of the business services provider’s stock valued at $57,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.1 %

Shares of BR stock opened at $150.26 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 34.15 and a beta of 0.93. The stock has a 50 day simple moving average of $141.59 and a 200-day simple moving average of $151.09. Broadridge Financial Solutions, Inc. has a 1-year low of $131.35 and a 1-year high of $183.33.

Broadridge Financial Solutions (NYSE:BRGet Rating) last announced its earnings results on Wednesday, November 2nd. The business services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.03). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. Broadridge Financial Solutions had a return on equity of 39.99% and a net margin of 9.01%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 6.93 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, December 14th. Broadridge Financial Solutions’s payout ratio is 65.91%.

Insider Buying and Selling

In related news, Director Thomas J. Perna sold 42,417 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $147.57, for a total transaction of $6,259,476.69. Following the completion of the sale, the director now directly owns 29,704 shares in the company, valued at $4,383,419.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BR. Raymond James decreased their price target on Broadridge Financial Solutions from $189.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. DA Davidson decreased their price target on Broadridge Financial Solutions to $160.00 in a report on Thursday, October 27th. StockNews.com began coverage on Broadridge Financial Solutions in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wolfe Research decreased their price target on Broadridge Financial Solutions from $137.00 to $135.00 in a report on Thursday, January 5th. Finally, TheStreet downgraded Broadridge Financial Solutions from a “b” rating to a “c+” rating in a report on Wednesday, November 2nd.

Broadridge Financial Solutions Profile

(Get Rating)

Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

See Also

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

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