abrdn plc raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,535 shares of the business services provider’s stock after purchasing an additional 6,247 shares during the period. abrdn plc’s holdings in Broadridge Financial Solutions were worth $6,242,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Asset Dedication LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $31,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $38,000. MV Capital Management Inc. raised its position in shares of Broadridge Financial Solutions by 33.0% in the 4th quarter. MV Capital Management Inc. now owns 290 shares of the business services provider’s stock worth $39,000 after acquiring an additional 72 shares in the last quarter. General Partner Inc. bought a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $45,000. Finally, Lumature Wealth Partners LLC raised its position in shares of Broadridge Financial Solutions by 82.5% in the 1st quarter. Lumature Wealth Partners LLC now owns 365 shares of the business services provider’s stock worth $57,000 after acquiring an additional 165 shares in the last quarter. 86.45% of the stock is owned by institutional investors.
Insider Buying and Selling at Broadridge Financial Solutions
In other Broadridge Financial Solutions news, SVP Robert Schifellite sold 15,695 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $152.59, for a total transaction of $2,394,900.05. Following the completion of the transaction, the senior vice president now owns 50,314 shares in the company, valued at approximately $7,677,413.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Richard John Stingi sold 750 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $155.27, for a total value of $116,452.50. Following the transaction, the vice president now owns 4,202 shares in the company, valued at approximately $652,444.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Schifellite sold 15,695 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $152.59, for a total value of $2,394,900.05. Following the completion of the transaction, the senior vice president now owns 50,314 shares in the company, valued at approximately $7,677,413.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,870 shares of company stock worth $2,712,363. Insiders own 1.60% of the company’s stock.
Wall Street Analyst Weigh In
Broadridge Financial Solutions Price Performance
BR stock opened at $153.27 on Monday. The company has a market capitalization of $18.08 billion, a P/E ratio of 32.89 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a 52-week low of $131.35 and a 52-week high of $183.33. The business has a 50-day simple moving average of $145.08 and a two-hundred day simple moving average of $143.46.
Broadridge Financial Solutions (NYSE:BR – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Broadridge Financial Solutions had a return on equity of 40.29% and a net margin of 9.33%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Research analysts expect that Broadridge Financial Solutions, Inc. will post 6.91 EPS for the current fiscal year.
Broadridge Financial Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.725 per share. The ex-dividend date is Wednesday, June 14th. This represents a $2.90 dividend on an annualized basis and a yield of 1.89%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 62.23%.
Broadridge Financial Solutions Profile
Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.
See Also
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