1 day Ago By ABMN Staff
Broadridge Financial Solutions, Inc. ( NYSE:BR – Get Free Report ) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,370,000 shares, a growth of 10.
5% from the August 15th total of 1,240,000 shares. Based on an average daily volume of 539,700 shares, the short-interest ratio is currently 2.5 days.
Currently, 1.2% of the shares of the company are short sold. Insider Activity at Broadridge Financial Solutions In related news, VP Laura Matlin sold 673 shares of the business’s stock in a transaction that occurred on Thursday, August 8th.
The stock was sold at an average price of $216.00, for a total transaction of $145,368.00.
Following the transaction, the vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,194,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, President Christopher John Perry sold 31,539 shares of the company’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 of the company’s stock, valued at $13,938,374.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.
00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Broadridge Financial Solutions Several institutional investors and hedge funds have recently added to or reduced their stakes in BR. LifeSteps Financial Inc. bought a new position in Broadridge Financial Solutions in the first quarter valued at about $32,000.
EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $32,000. Manchester Capital Management LLC grew its holdings in Broadridge Financial Solutions by 57.
1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after acquiring an additional 60 shares during the last quarter. Finally, New Covenant Trust Company N.
A. acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at approximately $34,000. Institutional investors own 90.
03% of the company’s stock. Wall Street Analyst Weigh In View Our Latest Report on Broadridge Financial Solutions Broadridge Financial Solutions Price Performance NYSE BR traded down $2.37 on Wednesday, hitting $208.
59. 369,691 shares of the company’s stock were exchanged, compared to its average volume of 524,431. The stock has a 50-day moving average of $210.
13 and a 200-day moving average of $203.25. The stock has a market cap of $24.
65 billion, a price-to-earnings ratio of 36.00 and a beta of 1.05.
Broadridge Financial Solutions has a 52 week low of $166.73 and a 52 week high of $223.81.
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 – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.
50 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.01.
Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%.
The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion.
During the same period in the prior year, the company earned $3.21 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 5.
7% on a year-over-year basis. Analysts expect that Broadridge Financial Solutions will post 8.51 earnings per share for the current year.
Broadridge Financial Solutions Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.88 per share.
The ex-dividend date is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80.
This represents a $3.52 annualized dividend and a dividend yield of 1.69%.
Broadridge Financial Solutions’s payout ratio is 60.07%. About Broadridge Financial Solutions ( Get 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. Further Reading 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 .
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