Ameritas Investment Partners Inc. lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,485 shares of the business services provider’s stock after buying an additional 319 shares during the period. Ameritas Investment Partners Inc.’s holdings in Broadridge Financial Solutions were worth $3,437,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its holdings in shares of Broadridge Financial Solutions by 8.2% during the first quarter. UBS Asset Management Americas Inc. now owns 466,326 shares of the business services provider’s stock worth $31,687,000 after purchasing an additional 35,294 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Broadridge Financial Solutions by 36.6% during the first quarter. Victory Capital Management Inc. now owns 24,415 shares of the business services provider’s stock worth $1,659,000 after purchasing an additional 6,545 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Broadridge Financial Solutions by 8.0% during the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock worth $123,000 after purchasing an additional 135 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Broadridge Financial Solutions by 20.4% during the first quarter. OppenheimerFunds Inc. now owns 12,353 shares of the business services provider’s stock worth $839,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Ngam Advisors L.P. raised its holdings in shares of Broadridge Financial Solutions by 21.3% during the first quarter. Ngam Advisors L.P. now owns 239,243 shares of the business services provider’s stock worth $16,256,000 after purchasing an additional 42,021 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Ameritas Investment Partners Inc. Boosts Stake in Broadridge Financial Solutions, Inc. (BR)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/11/ameritas-investment-partners-inc-boosts-stake-in-broadridge-financial-solutions-inc-br.html.

Shares of Broadridge Financial Solutions, Inc. (BR) traded down 0.10% on Wednesday, hitting $81.87. 146,424 shares of the company traded hands. The company has a market capitalization of $9.54 billion, a PE ratio of 30.32 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12 month low of $59.86 and a 12 month high of $82.54. The stock’s 50-day moving average price is $79.53 and its 200-day moving average price is $74.71.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.71. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. Broadridge Financial Solutions’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post $3.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were paid a dividend of $0.365 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.78%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s dividend payout ratio is currently 53.48%.

In related news, insider Adam D. Amsterdam sold 17,813 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $76.96, for a total transaction of $1,370,888.48. Following the completion of the sale, the insider now owns 20,646 shares in the company, valued at approximately $1,588,916.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stuart R. Levine sold 7,868 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.58, for a total transaction of $602,531.44. Following the sale, the director now owns 39,747 shares of the company’s stock, valued at approximately $3,043,825.26. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

BR has been the subject of several recent research reports. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Barclays PLC raised their target price on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, DA Davidson initiated coverage on shares of Broadridge Financial Solutions in a report on Monday, August 7th. They set a “neutral” rating and a $74.00 target price for the company.

About Broadridge Financial Solutions

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.

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:BR).

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

Receive News & Stock Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related stocks with our FREE daily email newsletter.