Strategy Asset Managers LLC Sells 2,533 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Strategy Asset Managers LLC reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 60.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,677 shares of the business services provider’s stock after selling 2,533 shares during the period. Strategy Asset Managers LLC’s holdings in Broadridge Financial Solutions were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Webster Bank N. A. raised its stake in shares of Broadridge Financial Solutions by 46.0% in the 4th quarter. Webster Bank N. A. now owns 203 shares of the business services provider’s stock valued at $37,000 after buying an additional 64 shares in the last quarter. Busey Wealth Management increased its position in shares of Broadridge Financial Solutions by 2.8% during the 4th quarter. Busey Wealth Management now owns 2,424 shares of the business services provider’s stock worth $443,000 after purchasing an additional 67 shares in the last quarter. Fiduciary Planning LLC increased its position in shares of Broadridge Financial Solutions by 1.6% during the 4th quarter. Fiduciary Planning LLC now owns 5,049 shares of the business services provider’s stock worth $923,000 after purchasing an additional 78 shares in the last quarter. Jacobsen Capital Management increased its position in shares of Broadridge Financial Solutions by 0.9% during the 4th quarter. Jacobsen Capital Management now owns 8,754 shares of the business services provider’s stock worth $1,600,000 after purchasing an additional 79 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its position in Broadridge Financial Solutions by 65.3% in the 4th quarter. Lumature Wealth Partners LLC now owns 200 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

Separately, StockNews.com started coverage on shares of Broadridge Financial Solutions in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of NYSE BR opened at $135.64 on Thursday. The firm has a market capitalization of $15.90 billion, a PE ratio of 29.11 and a beta of 0.95. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.29. Broadridge Financial Solutions, Inc. has a 1 year low of $132.40 and a 1 year high of $185.40. The firm’s 50-day moving average is $143.12 and its 200-day moving average is $153.54.

Broadridge Financial Solutions (NYSE:BRGet Rating) last issued its earnings results on Tuesday, May 3rd. The business services provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.16. Broadridge Financial Solutions had a net margin of 9.99% and a return on equity of 39.83%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 6.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, June 14th. Broadridge Financial Solutions’s payout ratio is 54.94%.

Broadridge Financial Solutions Company Profile (Get Rating)

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

See Also

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

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