Broadridge (BR) Stock Up 21% in a Year: What Should You Know?
Broadridge (BR) gains from its strong business model and strategic growth in governance, capital markets, and wealth management.
Why You Should Retain Broadridge Financial (BR) Stock Now
Increasing presence in EMEA and APAC through the Itiviti acquisition boosts Broadridge Financial's (BR) global technology and operations segment.
Why Is Broadridge Financial (BR) Up 2.4% Since Last Earnings Report?
Broadridge Financial (BR) reported earnings 30 days ago. What's next for the stock?
Broadridge (BR) Announces the Acquisition of AdvisorTarget
The acquisition is expected to expand Broadridge's (BR) capabilities in digital distribution and marketing for asset management and wealth firms.
Panagora Asset Management Inc. Trims Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)
Panagora Asset Management Inc. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,240 shares of the business services provider’s stock after selling 327 shares during the period. Panagora Asset Management Inc.’s holdings in Broadridge Financial Solutions were worth $3,547,000 at the end of the most recent quarter. Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Broadridge Financial Solutions by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,129 shares of the business services provider’s stock worth $1,276,000 after acquiring an additional 186 shares in the last quarter. Allworth Financial LP raised its position in shares of Broadridge Financial Solutions by 83.4% during the 3rd quarter. Allworth Financial LP now owns 565 shares of the business services provider’s stock worth $101,000 after purchasing an additional 257 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Broadridge Financial Solutions by 24.2% in the 3rd quarter. Wealthfront Advisers LLC now owns 7,431 shares of the business services provider’s stock worth $1,331,000 after buying an additional 1,450 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of Broadridge Financial Solutions by 7.0% in the third quarter. New Mexico Educational Retirement Board now owns 6,150 shares of the business services provider’s stock valued at $1,101,000 after buying an additional 400 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Broadridge Financial Solutions by 5.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,760 shares of the business services provider’s stock valued at $2,643,000 after acquiring an additional 798 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors. Insider Activity In other news, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The disclosure for this sale can be found here. Insiders have sold 25,761 shares of company stock valued at $5,223,959 in the last ninety days. 1.60% of the stock is currently owned by company insiders. Analyst Ratings Changes A number of equities analysts recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Raymond James raised their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, May 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $206.67. Check Out Our Latest Analysis on Broadridge Financial Solutions Broadridge Financial Solutions Stock Performance NYSE BR opened at $203.49 on Monday. The company has a fifty day moving average of $199.48 and a two-hundred day moving average of $197.24. The company has a market capitalization of $24.05 billion, a PE ratio of 34.73 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1 year low of $144.54 and a 1 year high of $210.24. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions (NYSE:BR – Get Free Report) last posted its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.01). The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year. Broadridge Financial Solutions Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, June 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.57%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%. About Broadridge Financial Solutions (Free Report) 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. See Also Five stocks we like better than Broadridge Financial Solutions How to Start Investing in Real Estate Canada Goose Flies Higher Driven By DTC Growth Compound Interest and Why It Matters When Investing CVS Health Stock Has a Silver Lining Called Value What Makes a Stock a Good Dividend Stock? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
