Mutual of America Capital Management LLC Acquires 194 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Mutual of America Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,587 shares of the business services provider’s stock after acquiring an additional 194 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $2,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $193,556,000. BlackRock Inc. raised its holdings in Broadridge Financial Solutions by 3.1% in the 4th quarter. BlackRock Inc. now owns 9,566,678 shares of the business services provider’s stock valued at $1,748,981,000 after acquiring an additional 283,501 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $37,264,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Broadridge Financial Solutions by 29.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 527,327 shares of the business services provider’s stock valued at $96,406,000 after acquiring an additional 118,885 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Broadridge Financial Solutions by 36.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 444,185 shares of the business services provider’s stock valued at $81,206,000 after acquiring an additional 117,629 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Broadridge Financial Solutions in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Broadridge Financial Solutions Trading Up 1.7 %

Shares of BR stock opened at $160.84 on Friday. The firm has a market capitalization of $18.86 billion, a P/E ratio of 33.98 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a twelve month low of $132.40 and a twelve month high of $185.40. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.29. The stock’s fifty day simple moving average is $144.67 and its 200 day simple moving average is $148.40.

Broadridge Financial Solutions (NYSE:BRGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.16. Broadridge Financial Solutions had a return on equity of 39.83% and a net margin of 9.99%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 6.49 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, June 14th. Broadridge Financial Solutions’s dividend payout ratio is 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.

Recommended Stories

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating).

Want More Great Investing Ideas?

Receive News & Ratings for Broadridge Financial Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Broadridge Financial Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *