Sugarloaf Wealth Management LLC Has $2.16 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Sugarloaf Wealth Management LLC raised its position in Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) by 11.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,720 shares of the business services provider’s stock after acquiring an additional 1,436 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $2,158,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Busey Wealth Management increased its holdings in shares of Broadridge Financial Solutions by 2.8% during the fourth quarter. Busey Wealth Management now owns 2,424 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 67 shares in the last quarter. Tilia Fiduciary Partners Inc. increased its position in Broadridge Financial Solutions by 1.1% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 6,794 shares of the business services provider’s stock valued at $1,058,000 after buying an additional 76 shares in the last quarter. Fiduciary Planning LLC increased its holdings in shares of Broadridge Financial Solutions by 1.6% in the 4th quarter. Fiduciary Planning LLC now owns 5,049 shares of the business services provider’s stock worth $923,000 after purchasing an additional 78 shares in the last quarter. Jacobsen Capital Management lifted its position in Broadridge Financial Solutions by 0.9% during the fourth quarter. Jacobsen Capital Management now owns 8,754 shares of the business services provider’s stock valued at $1,600,000 after purchasing an additional 79 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its position in shares of Broadridge Financial Solutions by 65.3% in the fourth quarter. Lumature Wealth Partners LLC now owns 200 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 87.01% of the company’s stock.

Shares of BR opened at $148.76 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $17.44 billion, a PE ratio of 31.92 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a 1-year low of $132.40 and a 1-year high of $185.40. The firm has a fifty day moving average price of $141.73 and a 200 day moving average price of $151.33.

Broadridge Financial Solutions (NYSE:BRGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.16. Broadridge Financial Solutions had a net margin of 9.99% and a return on equity of 39.83%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 6.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th were paid a $0.64 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.72%. Broadridge Financial Solutions’s dividend payout ratio is currently 54.94%.

Separately, StockNews.com initiated coverage on Broadridge Financial Solutions in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

About Broadridge Financial Solutions (Get Rating)

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

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

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