Alliancebernstein L.P. cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 598,249 shares of the business services provider’s stock after selling 128,604 shares during the quarter. Alliancebernstein L.P. owned approximately 0.51% of Broadridge Financial Solutions worth $54,189,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Broadridge Financial Solutions by 6.3% in the 4th quarter. BlackRock Inc. now owns 13,884,096 shares of the business services provider’s stock worth $1,257,619,000 after purchasing an additional 818,115 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in Broadridge Financial Solutions by 2.4% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,594,845 shares of the business services provider’s stock worth $235,041,000 after purchasing an additional 61,117 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Broadridge Financial Solutions by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 1,181,398 shares of the business services provider’s stock worth $106,961,000 after purchasing an additional 49,353 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Broadridge Financial Solutions by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,180,392 shares of the business services provider’s stock worth $106,919,000 after purchasing an additional 18,901 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Broadridge Financial Solutions by 1.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 860,629 shares of the business services provider’s stock worth $69,556,000 after purchasing an additional 8,602 shares in the last quarter. Institutional investors own 84.66% of the company’s stock.
In related news, Director Leslie A. Brun sold 7,058 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $95.24, for a total transaction of $672,203.92. Following the sale, the director now owns 37,846 shares in the company, valued at approximately $3,604,453.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam D. Amsterdam sold 19,600 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $99.36, for a total value of $1,947,456.00. The disclosure for this sale can be found here. Insiders have sold a total of 137,743 shares of company stock worth $13,191,608 over the last ninety days. Insiders own 2.60% of the company’s stock.
Shares of Broadridge Financial Solutions, Inc. (NYSE BR) opened at $108.57 on Tuesday. The stock has a market capitalization of $12,639.48, a P/E ratio of 34.58, a PEG ratio of 2.68 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a twelve month low of $66.49 and a twelve month high of $108.98. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14.
Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. equities research analysts predict that Broadridge Financial Solutions, Inc. will post 4.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.365 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.34%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.50%.
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Broadridge Financial Solutions 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.
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