Broadridge Financial Solutions (BR) : Cue Financial Group scooped up 1,215 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 15, 2016. The investment management firm now holds a total of 35,451 shares of Broadridge Financial Solutions which is valued at $2,112,525.Broadridge Financial Solutions makes up approximately 1.82% of Cue Financial Group’s portfolio.
Broadridge Financial Solutions closed down -0.58 points or -0.96% at $59.85 with 6,07,451 shares getting traded on Wednesday. Post opening the session at $60.44, the shares hit an intraday low of $59.69 and an intraday high of $60.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Bremer Trust National Association reduced its stake in BR by selling 107 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 4,242 shares of BR which is valued at $252,781. Broadridge Financial Solutions makes up approx 0.07% of Bremer Trust National Association’s portfolio.Howland Capital Management boosted its stake in BR in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 5,504 shares of Broadridge Financial Solutions which is valued at $327,983. Broadridge Financial Solutions makes up approx 0.03% of Howland Capital Management’s portfolio.Independent Portfolio Consultants reduced its stake in BR by selling 9,360 shares or 23.56% in the most recent quarter. The Hedge Fund company now holds 30,365 shares of BR which is valued at $1,809,450. Broadridge Financial Solutions makes up approx 0.50% of Independent Portfolio Consultants’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.