First National Bank of Omaha Increases Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

First National Bank of Omaha boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,322 shares of the business services provider’s stock after buying an additional 28,248 shares during the period. First National Bank of Omaha owned approximately 0.16% of Broadridge Financial Solutions worth $11,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BR. Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Broadridge Financial Solutions by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,176 shares of the business services provider’s stock valued at $202,000 after buying an additional 174 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Broadridge Financial Solutions by 16.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,384 shares of the business services provider’s stock valued at $230,000 after buying an additional 478 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Broadridge Financial Solutions during the first quarter valued at about $233,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Broadridge Financial Solutions by 13.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,450 shares of the business services provider’s stock valued at $234,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) traded up 2.75% on Friday, reaching $74.27. 785,625 shares of the company were exchanged. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 27.51 and a beta of 0.99. The firm’s 50 day moving average price is $75.36 and its 200 day moving average price is $71.49. Broadridge Financial Solutions, Inc. has a 52 week low of $59.86 and a 52 week high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company 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 revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post $3.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. This represents a $1.46 dividend on an annualized basis and a yield of 1.97%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 48.35%.

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BR has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Broadridge Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Barclays PLC increased their price objective on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, DA Davidson initiated coverage on shares of Broadridge Financial Solutions in a research report on Monday, August 7th. They set a “neutral” rating and a $74.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.00.

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 34,385 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $75.17, for a total transaction of $2,584,720.45. Following the completion of the sale, the insider now directly owns 106,653 shares in the company, valued at approximately $8,017,106.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Schifellite sold 76,666 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the sale, the insider now owns 105,042 shares of the company’s stock, valued at $7,981,091.16. The disclosure for this sale can be found here. Insiders sold a total of 323,032 shares of company stock valued at $24,016,648 over the last quarter. 3.50% of the stock is owned by company insiders.

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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