Boston Advisors buys $41,023,946 stake in Broadridge Financial Solutions (BR)

Broadridge Financial Solutions (BR) : Boston Advisors scooped up 31,159 additional shares in Broadridge Financial Solutions during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 682,822 shares of Broadridge Financial Solutions which is valued at $41,023,946.Broadridge Financial Solutions makes up approximately 1.00% of Boston Advisors’s portfolio.

Broadridge Financial Solutions opened for trading at $59.66 and hit $60.17 on the upside on Friday, eventually ending the session at $60.08, with a gain of 0.38% or 0.23 points. The heightened volatility saw the trading volume jump to 7,73,275 shares. Company has a market cap of $7,140 M.

Other Hedge Funds, Including , Next Financial Group Inc sold out all of its stake in BR during the most recent quarter. The investment firm sold 95 shares of BR which is valued $5,708. High Point Bank Trust Co added BR to its portfolio by purchasing 197 company shares during the most recent quarter which is valued at $11,836.Acadian Asset Management reduced its stake in BR by selling 76,364 shares or 99.99% in the most recent quarter. The Hedge Fund company now holds 8 shares of BR which is valued at $477.Santa Fe Partners reduced its stake in BR by selling 15,410 shares or 30.06% in the most recent quarter. The Hedge Fund company now holds 35,859 shares of BR which is valued at $2,136,838. Broadridge Financial Solutions makes up approx 0.35% of Santa Fe Partners’s portfolio.Eagle Asset Management Inc boosted its stake in BR in the latest quarter, The investment management firm added 3,968 additional shares and now holds a total of 455,136 shares of Broadridge Financial Solutions which is valued at $26,880,332. Broadridge Financial Solutions makes up approx 0.19% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Broadridge Financial Solutions reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.33. The company had revenue of $639.00 million for the quarter, compared to analysts expectations of $613.78 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

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.