Asset Management One Co. Ltd. Has $11.26 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Asset Management One Co. Ltd. increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,361 shares of the business services provider’s stock after buying an additional 6,608 shares during the period. Asset Management One Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $11,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norden Group LLC acquired a new position in Broadridge Financial Solutions in the first quarter valued at approximately $286,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Broadridge Financial Solutions by 2.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,710 shares of the business services provider’s stock valued at $4,038,000 after acquiring an additional 508 shares during the period. MGB Wealth Management LLC boosted its stake in Broadridge Financial Solutions by 10.2% during the first quarter. MGB Wealth Management LLC now owns 3,455 shares of the business services provider’s stock worth $708,000 after acquiring an additional 320 shares in the last quarter. Empirical Finance LLC grew its holdings in Broadridge Financial Solutions by 3.6% in the first quarter. Empirical Finance LLC now owns 4,130 shares of the business services provider’s stock worth $846,000 after purchasing an additional 144 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Broadridge Financial Solutions by 39.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,144 shares of the business services provider’s stock valued at $5,766,000 after purchasing an additional 8,001 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 31,539 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now owns 67,215 shares in the company, valued at $13,938,374.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Broadridge Financial Solutions news, Chairman Richard J. Daly sold 21,938 shares of Broadridge Financial Solutions stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.66, for a total value of $4,555,645.08. Following the sale, the chairman now owns 105,094 shares of the company’s stock, valued at approximately $21,823,820.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 31,539 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the transaction, the president now directly owns 67,215 shares of the company’s stock, valued at $13,938,374.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,713 shares of company stock worth $27,967,456. Insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.5 %

Shares of Broadridge Financial Solutions stock opened at $219.32 on Thursday. The company has a market capitalization of $25.64 billion, a P/E ratio of 37.43 and a beta of 1.05. The stock has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $206.59. Broadridge Financial Solutions, Inc. has a 12-month low of $175.21 and a 12-month high of $225.29. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.83.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.