Creative Planning increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,805 shares of the business services provider’s stock after buying an additional 437 shares during the period. Creative Planning’s holdings in Broadridge Financial Solutions were worth $514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Broadridge Financial Solutions by 5,792.7% in the first quarter. BlackRock Inc. now owns 12,054,537 shares of the business services provider’s stock worth $819,107,000 after buying an additional 11,849,968 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Broadridge Financial Solutions by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,101,144 shares of the business services provider’s stock worth $686,373,000 after buying an additional 369,176 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 2.4% in the first quarter. Janus Capital Management LLC now owns 7,882,947 shares of the business services provider’s stock worth $535,646,000 after buying an additional 187,411 shares in the last quarter. State Street Corp raised its position in shares of Broadridge Financial Solutions by 0.8% in the first quarter. State Street Corp now owns 4,345,508 shares of the business services provider’s stock worth $295,283,000 after buying an additional 33,020 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 0.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,096,150 shares of the business services provider’s stock worth $74,483,000 after buying an additional 7,550 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions, Inc. (NYSE BR) traded down 0.11% during mid-day trading on Monday, reaching $75.58. 249,249 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $75.52 and its 200 day moving average is $71.08. The stock has a market capitalization of $8.89 billion, a PE ratio of 29.60 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.65 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. Analysts forecast that Broadridge Financial Solutions, Inc. will post $3.12 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on BR shares. BidaskClub raised shares of Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $75.00.

In other Broadridge Financial Solutions news, SVP Christopher John Perry sold 73,936 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $72.57, for a total value of $5,365,535.52. Following the sale, the senior vice president now owns 91,276 shares of the company’s stock, valued at $6,623,899.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles J. Marchesani sold 20,473 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $73.61, for a total transaction of $1,507,017.53. Following the completion of the transaction, the insider now directly owns 32,328 shares of the company’s stock, valued at approximately $2,379,664.08. The disclosure for this sale can be found here. Insiders sold 323,032 shares of company stock worth $24,016,648 in the last ninety days. Insiders own 3.50% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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

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