Ensemble Capital Management Lowers stake in Broadridge Financial Solutions (BR)

Broadridge Financial Solutions (BR) : Ensemble Capital Management reduced its stake in Broadridge Financial Solutions by 1.65% during the most recent quarter end. The investment management company now holds a total of 440,475 shares of Broadridge Financial Solutions which is valued at $27.2 Million after selling 7,380 shares in Broadridge Financial Solutions , the firm said in a disclosure report filed with the SEC on May 13, 2016.Broadridge Financial Solutions makes up approximately 8.26% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Bokf Na reduced its stake in BR by selling 1,705 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 66,012 shares of BR which is valued at $4.1 Million. Broadridge Financial Solutions makes up approx 0.15% of Bokf Na’s portfolio. Cornerstone Capital Management Holdings. sold out all of its stake in BR during the most recent quarter. The investment firm sold 48,959 shares of BR which is valued $3 Million.Finemark National Bank Trust boosted its stake in BR in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 2,342 shares of Broadridge Financial Solutions which is valued at $144,619. Broadridge Financial Solutions makes up approx 0.02% of Finemark National Bank Trust’s portfolio.Boston Financial Mangement Inc reduced its stake in BR by selling 330 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 3,850 shares of BR which is valued at $231,924. Broadridge Financial Solutions makes up approx 0.03% of Boston Financial Mangement Inc’s portfolio.Capital Fund Management S.a. reduced its stake in BR by selling 82,942 shares or 43.37% in the most recent quarter. The Hedge Fund company now holds 108,297 shares of BR which is valued at $6.5 Million. Broadridge Financial Solutions makes up approx 0.11% of Capital Fund Management S.a.’s portfolio.

Broadridge Financial Solutions closed down -0.53 points or -0.81% at $64.83 with 16,87,777 shares getting traded on Wednesday. Post opening the session at $65.75, the shares hit an intraday low of $64.43 and an intraday high of $66.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Broadridge Financial Solutions reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.51. The company had revenue of $688.80 million for the quarter, compared to analysts expectations of $686.40 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Investors should note that on May 3, 2016, Broadridge Financial Solutions announced a cash dividend of $0.3000. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jul 1, 2016.

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 delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle including pre-trade trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions Corporate Issuer Solutions Advisor Solutions Mutual Fund and Retirement Solutions and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications securities processing and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.

Leave a Reply

Broadridge Financial Solutions - Is it time to Sell?

Top Brokerage Firms are advising their investors on Broadridge Financial Solutions. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.