Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Atlanta Capital Management Co. L L C

Atlanta Capital Management Co. L L C lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,534,657 shares of the business services provider’s stock after selling 30,369 shares during the quarter. Atlanta Capital Management Co. L L C owned approximately 2.18% of Broadridge Financial Solutions worth $191,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. grew its position in shares of Broadridge Financial Solutions by 8.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 466,326 shares of the business services provider’s stock worth $31,687,000 after buying an additional 35,294 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Broadridge Financial Solutions by 26.4% during the 1st quarter. JPMorgan Chase & Co. now owns 485,103 shares of the business services provider’s stock worth $32,963,000 after buying an additional 101,392 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Broadridge Financial Solutions by 36.6% during the 1st quarter. Victory Capital Management Inc. now owns 24,415 shares of the business services provider’s stock worth $1,659,000 after buying an additional 6,545 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Broadridge Financial Solutions by 8.0% during the 1st quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock worth $123,000 after buying an additional 135 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of Broadridge Financial Solutions by 20.4% during the 1st quarter. OppenheimerFunds Inc. now owns 12,353 shares of the business services provider’s stock worth $839,000 after buying an additional 2,092 shares in the last quarter. 83.69% of the stock is currently owned by institutional investors.

Shares of Broadridge Financial Solutions, Inc. (BR) traded up 0.512% on Wednesday, hitting $83.415. The stock had a trading volume of 146,120 shares. Broadridge Financial Solutions, Inc. has a 52-week low of $59.86 and a 52-week high of $83.57. The firm has a market cap of $9.72 billion, a PE ratio of 30.894 and a beta of 0.99. The firm’s 50-day moving average price is $80.09 and its 200 day moving average price is $75.03.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $1.45 EPS. Broadridge Financial Solutions’s revenue was up 38.1% on a year-over-year basis. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were issued a dividend of $0.365 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. This represents a $1.46 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, September 14th. Broadridge Financial Solutions’s payout ratio is currently 53.48%.

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In other Broadridge Financial Solutions news, insider Adam D. Amsterdam sold 17,813 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the completion of the transaction, the insider now owns 20,646 shares of the company’s stock, valued at approximately $1,588,916.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,720 shares of company stock valued at $9,679,916. 2.60% of the stock is owned by company insiders.

A number of research firms have recently issued reports on BR. BidaskClub upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC upped their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, DA Davidson started coverage on Broadridge Financial Solutions in a research note on Monday, August 7th. They set a “neutral” rating and a $74.00 price objective for the company.

Broadridge Financial Solutions Company Profile

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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