American Money Management LLC Reduces Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

American Money Management LLC reduced its holdings in Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,700 shares of the business services provider’s stock after selling 269 shares during the period. American Money Management LLC’s holdings in Broadridge Financial Solutions were worth $4,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in shares of Broadridge Financial Solutions by 1.4% in the 4th quarter. Baillie Gifford & Co. now owns 4,139,707 shares of the business services provider’s stock worth $756,822,000 after acquiring an additional 57,001 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,160,725 shares of the business services provider’s stock worth $359,184,000 after acquiring an additional 91,573 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Broadridge Financial Solutions by 4.4% in the 4th quarter. Northern Trust Corp now owns 1,372,882 shares of the business services provider’s stock worth $250,990,000 after acquiring an additional 58,251 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Broadridge Financial Solutions by 156.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,268,126 shares of the business services provider’s stock worth $211,321,000 after acquiring an additional 774,130 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Broadridge Financial Solutions by 78.0% in the 3rd quarter. Morgan Stanley now owns 1,118,338 shares of the business services provider’s stock worth $186,361,000 after acquiring an additional 490,211 shares during the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

BR traded up $1.40 on Thursday, reaching $138.00. 7,542 shares of the company traded hands, compared to its average volume of 482,655. Broadridge Financial Solutions, Inc. has a one year low of $132.68 and a one year high of $185.40. The firm has a fifty day simple moving average of $149.59 and a two-hundred day simple moving average of $159.32. The company has a market cap of $16.18 billion, a P/E ratio of 29.31 and a beta of 0.95. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.29.

Broadridge Financial Solutions (NYSE:BRGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.93 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 6.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.86%. Broadridge Financial Solutions’s dividend payout ratio is currently 54.94%.

BR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a report on Thursday, February 3rd. StockNews.com began coverage on shares of Broadridge Financial Solutions in a report on Thursday, March 31st. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $177.50.

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.

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

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