Broadridge Financial Solutions, Inc. (BR) Shares Bought by Jefferies Group LLC

Jefferies Group LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,670 shares of the business services provider’s stock after purchasing an additional 2,653 shares during the period. Jefferies Group LLC’s holdings in Broadridge Financial Solutions were worth $4,047,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dearborn Partners LLC increased its stake in shares of Broadridge Financial Solutions by 2.1% during the 3rd quarter. Dearborn Partners LLC now owns 113,582 shares of the business services provider’s stock worth $14,987,000 after purchasing an additional 2,352 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Broadridge Financial Solutions by 440.8% during the 2nd quarter. Gabelli Funds LLC now owns 64,900 shares of the business services provider’s stock worth $7,470,000 after purchasing an additional 52,900 shares during the last quarter. Beaumont Financial Partners LLC purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $442,000. United Services Automobile Association increased its stake in shares of Broadridge Financial Solutions by 20.7% during the 2nd quarter. United Services Automobile Association now owns 99,791 shares of the business services provider’s stock worth $11,486,000 after purchasing an additional 17,104 shares during the last quarter. Finally, ARP Americas LP increased its stake in shares of Broadridge Financial Solutions by 110.5% during the 3rd quarter. ARP Americas LP now owns 8,000 shares of the business services provider’s stock worth $1,056,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 84.75% of the company’s stock.

Broadridge Financial Solutions stock opened at $98.64 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $87.51 and a 1-year high of $138.24. The company has a market capitalization of $11.76 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.15 and a beta of 0.91. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Broadridge Financial Solutions had a net margin of 10.39% and a return on equity of 46.83%. The business had revenue of $973.00 million during the quarter, compared to analyst estimates of $970.19 million. During the same period in the previous year, the business earned $0.54 EPS. Broadridge Financial Solutions’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 4.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 14th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.94 dividend on an annualized basis and a yield of 1.97%. Broadridge Financial Solutions’s dividend payout ratio is 46.30%.

In related news, CEO Richard J. Daly sold 210,188 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $132.14, for a total value of $27,774,242.32. Following the completion of the transaction, the chief executive officer now directly owns 387,336 shares in the company, valued at approximately $51,182,579.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stuart R. Levine sold 8,902 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $98.75, for a total transaction of $879,072.50. Following the completion of the transaction, the director now directly owns 36,530 shares of the company’s stock, valued at $3,607,337.50. The disclosure for this sale can be found here. Insiders sold a total of 334,256 shares of company stock valued at $43,588,422 over the last quarter. 2.30% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on BR shares. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday, August 10th. SunTrust Banks began coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, August 29th. They issued a “buy” rating and a $150.00 price objective for the company. Finally, Rosenblatt Securities began coverage on shares of Broadridge Financial Solutions in a research note on Wednesday. They issued a “neutral” rating and a $110.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Broadridge Financial Solutions currently has an average rating of “Hold” and an average target price of $118.33.

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Broadridge Financial Solutions Company Profile

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.

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

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