SG Americas Securities LLC Has $5.37 Million Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

SG Americas Securities LLC increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 888.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,164 shares of the business services provider's stock after buying an additional 19,922 shares during the quarter. SG Americas Securities LLC's holdings in Broadridge Financial Solutions were worth $5,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after buying an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $34,000. Gen Wealth Partners Inc acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $36,000. Curio Wealth LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $45,000. Finally, Promus Capital LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock traded down $2.89 during midday trading on Friday, reaching $236.94. 368,038 shares of the company's stock traded hands, compared to its average volume of 525,399. The company has a 50-day simple moving average of $237.39 and a two-hundred day simple moving average of $235.04. Broadridge Financial Solutions, Inc. has a 1-year low of $193.85 and a 1-year high of $247.01. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.41 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.23 EPS. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be paid a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 52.93%.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,068 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the completion of the sale, the insider now directly owns 1,070 shares of the company's stock, valued at $251,685.40. The trade was a 49.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director now directly owns 30,892 shares of the company's stock, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,116 shares of company stock valued at $4,352,298. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $250.83.

About Broadridge Financial Solutions

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.