Allen Investment Management Has Decreased Amerisourcebergen (ABC) Holding as Stock Price Declined; Wellington Shields Capital Management Cut Its Broadridge Financial Solutions (BR) Holding by $634,500

April 22, 2018 - By Michael Collier

Broadridge Financial Solutions, Inc. (NYSE:BR) Logo

Wellington Shields Capital Management Llc decreased its stake in Broadridge Financial Solutions (BR) by 29.34% based on its latest 2017Q4 regulatory filing with the SEC. Wellington Shields Capital Management Llc sold 7,050 shares as the company’s stock rose 18.02% while stock markets declined. The institutional investor held 16,978 shares of the miscellaneous company at the end of 2017Q4, valued at $1.54 million, down from 24,028 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Broadridge Financial Solutions for a number of months, seems to be less bullish one the $12.81B market cap company. The stock decreased 1.00% or $1.11 during the last trading session, reaching $109.85. About 432,720 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 58.90% since April 22, 2017 and is uptrending. It has outperformed by 47.35% the S&P500.

Allen Investment Management Llc decreased its stake in Amerisourcebergen Corp (ABC) by 11.2% based on its latest 2017Q4 regulatory filing with the SEC. Allen Investment Management Llc sold 124,985 shares as the company’s stock declined 9.14% with the market. The hedge fund held 991,131 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $91.01 million, down from 1.12M at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $19.74 billion market cap company. The stock decreased 1.98% or $1.82 during the last trading session, reaching $89.87. About 886,708 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since April 22, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 19 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) earned “Hold” rating by Sandler O’Neill on Thursday, February 15. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, February 8 report. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 16. The rating was maintained by Barclays Capital on Thursday, November 9 with “Equal-Weight”. The rating was downgraded by Sandler O’Neill on Thursday, September 29 to “Hold”. The firm has “Market Perform” rating given on Wednesday, June 15 by Avondale. Avondale upgraded Broadridge Financial Solutions, Inc. (NYSE:BR) rating on Friday, January 8. Avondale has “Market Outperform” rating and $60 target. Atlantic Securities initiated Broadridge Financial Solutions, Inc. (NYSE:BR) on Tuesday, September 13 with “Overweight” rating. The company was maintained on Wednesday, August 10 by Barclays Capital. The stock has “Sell” rating by Zacks on Friday, August 14.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on May, 9. They expect $0.79 EPS, up 14.49% or $0.10 from last year’s $0.69 per share. BR’s profit will be $92.15M for 34.76 P/E if the $0.79 EPS becomes a reality. After $0.79 actual EPS reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.14 in Q4 2017. Its up 0.13, from 1.01 in 2017Q3. It increased, as 20 investors sold BR shares while 168 reduced holdings. 73 funds opened positions while 141 raised stakes. 95.28 million shares or 0.24% less from 95.51 million shares in 2017Q3 were reported. Atlantic Trust Gru Llc reported 280 shares. 307,198 were accumulated by Sawgrass Asset Mgmt Ltd Llc. Laurion Capital Management LP invested 0.03% in Broadridge Financial Solutions, Inc. (NYSE:BR). Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma accumulated 0.03% or 19,202 shares. Kelly Lawrence W Ca accumulated 184,605 shares. Silvercrest Asset Management Group Ltd Llc invested in 534,827 shares or 0.45% of the stock. 31,573 are held by Credit Agricole S A. Cwm Limited Com holds 693 shares. Moreover, Wells Fargo Mn has 0.03% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 1.18M shares. Hartline Corporation holds 0.74% or 29,554 shares in its portfolio. Regions Fincl Corporation has invested 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Whittier owns 133 shares. Aqr Cap Mngmt Ltd Co invested 0.11% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). 10,956 were reported by Proshare Lc. Raymond James And invested in 605,567 shares.

Wellington Shields Capital Management Llc, which manages about $901.02M and $644.18 million US Long portfolio, upped its stake in New Residential Investment Cor (NYSE:NRZ) by 18,900 shares to 34,050 shares, valued at $609,000 in 2017Q4, according to the filing. It also increased its holding in Alphabet Inc (A) by 407 shares in the quarter, for a total of 6,695 shares, and has risen its stake in Raytheon Co (NYSE:RTN).

Allen Investment Management Llc, which manages about $2.32B and $2.24B US Long portfolio, upped its stake in Alps Etf Tr (AMLP) by 54,685 shares to 467,185 shares, valued at $5.04 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VEU) by 22,946 shares in the quarter, for a total of 530,018 shares, and has risen its stake in Lowes Cos Inc (NYSE:LOW).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, November 3 the stock rating was maintained by Jefferies with “Hold”. The rating was initiated by Needham on Tuesday, April 4 with “Buy”. Mizuho maintained the stock with “Hold” rating in Tuesday, October 24 report. On Monday, April 2 the stock rating was maintained by RBC Capital Markets with “Hold”. On Wednesday, January 6 the stock rating was downgraded by Raymond James to “Market Perform”. The firm has “Buy” rating given on Wednesday, February 7 by Credit Suisse. Needham maintained AmerisourceBergen Corporation (NYSE:ABC) on Tuesday, October 24 with “Buy” rating. The firm has “Buy” rating given on Tuesday, April 3 by Cowen & Co. Robert W. Baird maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Friday, December 1. Robert W. Baird has “Buy” rating and $99.0 target. Needham maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Wednesday, November 22. Needham has “Buy” rating and $88 target.

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

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