In today’s session Broadridge Financial Solutions, Inc. (BR) registered an unusually high (264) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BR increase. With 264 contracts traded and 10114 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BR161216C00070000 closed last at: $0.35 or 40% up. About 537,985 shares traded hands or 7.31% up from the average. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 12.04% since April 7, 2016 and is uptrending. It has outperformed by 7.26% the S&P500.
Broadridge Financial Solutions, Inc. (NYSE:BR) Ratings Coverage
Out of 6 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Broadridge Financial Solutions has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Tuesday, September 13, the company rating was initiated by Atlantic Securities. As per Tuesday, June 7, the company rating was downgraded by Raymond James. The firm earned “Sell” rating on Friday, August 14 by Zacks. The company was maintained on Wednesday, August 10 by Barclays Capital. The stock has “Market Perform” rating given by Avondale on Wednesday, June 15. The company was maintained on Monday, November 2 by Barclays Capital. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Market Outperform” rating by Avondale on Friday, January 8. The rating was initiated by Barclays Capital on Wednesday, September 16 with “Overweight”. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, September 29 report. The stock has “Neutral” rating given by JP Morgan on Friday, August 14.
According to Zacks Investment Research, “Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.01, from 1.07 in 2016Q1. The ratio turned negative, as 35 funds sold all Broadridge Financial Solutions, Inc. shares owned while 158 reduced positions. 63 funds bought stakes while 141 increased positions. They now own 100.97 million shares or 0.53% less from 101.51 million shares in 2016Q1.
Moreover, Fdx Advsr Inc has 0.05% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 15,726 shares. First Allied Advisory Inc last reported 10,095 shares in the company. Great West Life Assurance Can reported 270,289 shares or 0.06% of all its holdings. Herndon Management Ltd Liability Com owns 11,475 shares or 0.03% of their US portfolio. Laurion Cap Mngmt Ltd Partnership reported 3,500 shares or 0% of all its holdings. Baker Ellis Asset Mngmt Llc last reported 4,000 shares in the company. Brown Advisory Inc holds 0.31% or 1.35M shares in its portfolio. Avalon Advsr Limited Liability Com accumulated 0.07% or 29,310 shares. Moreover, Efg Asset Mngmt (Americas) Corp has 1.21% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 39,386 shares. Nomura Asset Limited holds 0.02% or 13,020 shares in its portfolio. Lpl Ltd Limited Liability Company holds 3,626 shares or 0% of its portfolio. The Massachusetts-based Geode Cap Limited Liability Corp has invested 0.03% in Broadridge Financial Solutions, Inc. (NYSE:BR). Moreover, Natl Asset has 0.07% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 5,403 shares. Hillsdale Invest Mngmt holds 0% or 150 shares in its portfolio. Wade G W has invested 0.11% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR).
Broadridge Financial Solutions, Inc
BR Company Profile
Broadridge Financial Solutions, Inc. (Broadridge), incorporated on December 6, 2006, is a well-known provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s divisions include Investor Communication Solutions, and Global Technology and Operations. The Company’s services include investor and customer communications, securities processing, and data and analytics solutions. The Firm delivers a range of solutions that helps its clients serve their retail and institutional clients across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality. The Firm serves a client base across four client groups: capital markets, asset management, wealth management and firms.
More important recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Prnewswire.com which released: “Broadridge Financial Solutions Announces Leadership Changes to its Mutual Fund …” on October 24, 2016, also Prnewswire.com published article titled: “Broadridge Expands its Wealth Management Capabilities Through Acquisition of M …”, Finance.Yahoo.com published: “Broadridge Financial Solutions Inc (BR) President and CEO Richard J Daly Sold …” on September 27, 2016. More interesting news about Broadridge Financial Solutions, Inc. (NYSE:BR) was released by: Newsday.com and their article: “Broadridge Financial Solutions profit rises to $170 million” with publication date: August 09, 2016.
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