Brogan Financial Inc. Acquires 648 Shares of Broadridge Financial Solutions, Inc. $BR

Brogan Financial Inc. increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 68.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,600 shares of the business services provider’s stock after acquiring an additional 648 shares during the quarter. Brogan Financial Inc.’s holdings in Broadridge Financial Solutions were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at $580,000. Cerity Partners LLC grew its stake in shares of Broadridge Financial Solutions by 0.3% in the 1st quarter. Cerity Partners LLC now owns 23,519 shares of the business services provider’s stock valued at $5,702,000 after buying an additional 61 shares during the period. New York State Common Retirement Fund increased its position in Broadridge Financial Solutions by 5.6% in the 1st quarter. New York State Common Retirement Fund now owns 81,186 shares of the business services provider’s stock valued at $19,684,000 after buying an additional 4,270 shares in the last quarter. CWM LLC raised its stake in Broadridge Financial Solutions by 2.9% during the 1st quarter. CWM LLC now owns 7,680 shares of the business services provider’s stock worth $1,862,000 after buying an additional 216 shares during the period. Finally, Securian Asset Management Inc. raised its stake in Broadridge Financial Solutions by 1.6% during the 1st quarter. Securian Asset Management Inc. now owns 6,257 shares of the business services provider’s stock worth $1,517,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $223.42 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market cap of $26.08 billion, a PE ratio of 28.61 and a beta of 0.96. The stock’s fifty day simple moving average is $234.82 and its two-hundred day simple moving average is $241.47. Broadridge Financial Solutions, Inc. has a 1-year low of $212.33 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The company had revenue of $1.05 billion during the quarter. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BR. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley reduced their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. UBS Group boosted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Tuesday. Finally, Needham & Company LLC raised their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $264.83.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares of the company’s stock, valued at $37,020,545.45. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

About Broadridge Financial Solutions

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.