IFM Investors Pty Ltd Boosts Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

IFM Investors Pty Ltd raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,735 shares of the business services provider’s stock after purchasing an additional 2,588 shares during the period. IFM Investors Pty Ltd’s holdings in Broadridge Financial Solutions were worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Broadridge Financial Solutions by 3.1% in the fourth quarter. BlackRock Inc. now owns 9,566,678 shares of the business services provider’s stock valued at $1,748,981,000 after purchasing an additional 283,501 shares during the last quarter. State Street Corp grew its stake in Broadridge Financial Solutions by 1.1% in the fourth quarter. State Street Corp now owns 4,944,647 shares of the business services provider’s stock valued at $907,097,000 after purchasing an additional 54,910 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Broadridge Financial Solutions by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 2,196,892 shares of the business services provider’s stock worth $400,648,000 after acquiring an additional 36,167 shares in the last quarter. Northern Trust Corp boosted its holdings in Broadridge Financial Solutions by 4.4% in the fourth 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in Broadridge Financial Solutions by 3.5% in the fourth quarter. Invesco Ltd. now owns 1,294,046 shares of the business services provider’s stock worth $236,577,000 after acquiring an additional 43,725 shares in the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $167.85 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $19.68 billion, a PE ratio of 36.02 and a beta of 0.94. The business has a 50-day simple moving average of $147.82 and a two-hundred day simple moving average of $148.37. Broadridge Financial Solutions, Inc. has a fifty-two week low of $132.40 and a fifty-two week high of $185.40.

Broadridge Financial Solutions (NYSE:BRGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.16. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions had a return on equity of 39.83% and a net margin of 9.99%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $1.76 earnings per share. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 6.49 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, June 14th. Broadridge Financial Solutions’s dividend payout ratio is presently 54.94%.

Broadridge Financial Solutions 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.

Further Reading

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

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