Measured Wealth Private Client Group LLC Purchases New Holdings in Broadridge Financial Solutions, Inc. (BR)

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Measured Wealth Private Client Group LLC purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,543 shares of the business services provider’s stock, valued at approximately $264,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Investment Management of Virginia LLC lifted its holdings in Broadridge Financial Solutions by 0.8% during the 1st quarter. Investment Management of Virginia LLC now owns 11,977 shares of the business services provider’s stock worth $1,242,000 after purchasing an additional 90 shares during the last quarter. Securian Asset Management Inc lifted its holdings in Broadridge Financial Solutions by 0.8% during the 4th quarter. Securian Asset Management Inc now owns 12,131 shares of the business services provider’s stock worth $1,168,000 after purchasing an additional 100 shares during the last quarter. Northwest Investment Counselors LLC lifted its holdings in Broadridge Financial Solutions by 0.9% during the 4th quarter. Northwest Investment Counselors LLC now owns 11,791 shares of the business services provider’s stock worth $1,135,000 after purchasing an additional 107 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Broadridge Financial Solutions by 0.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 12,230 shares of the business services provider’s stock worth $1,177,000 after purchasing an additional 111 shares during the last quarter. Finally, Eukles Asset Management lifted its holdings in Broadridge Financial Solutions by 4.6% during the 1st quarter. Eukles Asset Management now owns 2,617 shares of the business services provider’s stock worth $271,000 after purchasing an additional 115 shares during the last quarter. 84.80% of the stock is owned by institutional investors and hedge funds.

In other news, Director Alan J. Weber sold 1,980 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $100.36, for a total value of $198,712.80. Following the transaction, the director now owns 51,588 shares in the company, valued at approximately $5,177,371.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Laura Matlin sold 3,875 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $118.99, for a total value of $461,086.25. Following the completion of the transaction, the vice president now owns 5,988 shares in the company, valued at approximately $712,512.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,070 shares of company stock worth $792,015. Corporate insiders own 2.30% of the company’s stock.

Shares of NYSE BR opened at $121.75 on Friday. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.59 and a beta of 0.88. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a fifty-two week low of $91.34 and a fifty-two week high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.10. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Broadridge Financial Solutions had a return on equity of 48.71% and a net margin of 11.31%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 4.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.94 annualized dividend and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio is presently 46.30%.

BR has been the subject of several analyst reports. Raymond James raised Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a report on Wednesday, March 13th. DA Davidson cut Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a report on Wednesday, May 8th. They noted that the move was a valuation call. SunTrust Banks lifted their price objective on Broadridge Financial Solutions to $130.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, April 10th. Finally, ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $124.50.

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About Broadridge Financial Solutions

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.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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