As Broadridge Finl Solutions In (BR) Share Value Rose, Shareholder Clarkston Capital Partners LLC Has Cut Its Stake

September 15, 2018 - By Catherine Diaz

Broadridge Financial Solutions, Inc. (NYSE:BR) LogoInvestors sentiment increased to 1.06 in Q2 2018. Its up 0.13, from 0.93 in 2018Q1. It is positive, as 24 investors sold BR shares while 202 reduced holdings. 83 funds opened positions while 156 raised stakes. 95.79 million shares or 1.36% less from 97.11 million shares in 2018Q1 were reported. 46,890 were accumulated by Bowling Port Mgmt Ltd Com. Jpmorgan Chase stated it has 0.02% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Piedmont Advsr Limited Co stated it has 1,335 shares. Wetherby Asset Management reported 1,875 shares. The Florida-based Lyons Wealth Management Limited Liability Com has invested 1.23% in Broadridge Financial Solutions, Inc. (NYSE:BR). Gabelli Funds Ltd Liability Com reported 64,900 shares. Northstar Group has 1,732 shares for 0.1% of their portfolio. New Mexico Educational Retirement Board holds 10,900 shares. Sumitomo Mitsui Asset Mngmt owns 10,205 shares. Moreover, Ensemble Capital Limited Liability Corp has 6.39% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 321,732 shares. Clarivest Asset Limited Com reported 14,300 shares. Bbva Compass Bancorporation, Texas-based fund reported 3,171 shares. Hanseatic Mngmt Svcs, a New Mexico-based fund reported 5,858 shares. Laurion Capital Mgmt Lp holds 34,628 shares or 0.03% of its portfolio. Acadian Asset Mngmt invested 0.28% in Broadridge Financial Solutions, Inc. (NYSE:BR).

Clarkston Capital Partners Llc decreased its stake in Broadridge Finl Solutions In (BR) by 4.14% based on its latest 2018Q2 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 41,285 shares as the company’s stock rose 18.21% with the market. The institutional investor held 956,555 shares of the miscellaneous company at the end of 2018Q2, valued at $110.10 million, down from 997,840 at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Broadridge Finl Solutions In for a number of months, seems to be less bullish one the $16.02B market cap company. The stock increased 0.63% or $0.86 during the last trading session, reaching $137.72. About 551,480 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 70.00% since September 15, 2017 and is uptrending. It has outperformed by 54.38% the S&P500.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on November, 14. They expect $0.67 EPS, up 24.07 % or $0.13 from last year’s $0.54 per share. BR’s profit will be $77.94 million for 51.39 P/E if the $0.67 EPS becomes a reality. After $1.86 actual EPS reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts -63.98 % negative EPS growth.

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Broadridge Financial Solutions, Inc. (NYSE:BR) Institutional Positions Chart

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