Los Angeles Capital Management LLC Buys 9,376 Shares of Broadridge Financial Solutions, Inc. $BR

Los Angeles Capital Management LLC increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 42.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,524 shares of the business services provider’s stock after acquiring an additional 9,376 shares during the period. Los Angeles Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $7,661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BR. Jones Financial Companies Lllp raised its stake in shares of Broadridge Financial Solutions by 28,222.6% in the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock worth $230,254,000 after buying an additional 946,304 shares during the period. Ameriprise Financial Inc. increased its holdings in Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock valued at $251,513,000 after acquiring an additional 883,125 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock worth $3,572,199,000 after buying an additional 438,381 shares in the last quarter. Nuveen LLC bought a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $91,445,000. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth about $53,467,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Up 2.0%

Shares of NYSE:BR opened at $221.83 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market cap of $25.89 billion, a P/E ratio of 28.40 and a beta of 0.96. The business has a fifty day moving average of $236.59 and a two-hundred day moving average of $241.81. Broadridge Financial Solutions, Inc. has a 52-week low of $212.33 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 earnings per share (EPS) for the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. The firm had revenue of $1.05 billion for the quarter. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BR shares. Morgan Stanley lowered their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. DA Davidson reissued a “neutral” rating and issued a $240.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, October 28th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC raised their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $264.83.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 147,532 shares of company stock valued at $38,417,208. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.