Russell Investments Group Ltd. Boosts Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Russell Investments Group Ltd. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,135 shares of the business services provider's stock after acquiring an additional 6,430 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Broadridge Financial Solutions worth $17,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BR. Vanguard Group Inc. boosted its position in Broadridge Financial Solutions by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider's stock worth $3,231,904,000 after purchasing an additional 74,674 shares during the period. Geode Capital Management LLC increased its stake in shares of Broadridge Financial Solutions by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,037,015 shares of the business services provider's stock worth $684,971,000 after purchasing an additional 37,141 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Broadridge Financial Solutions by 2.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,649,761 shares of the business services provider's stock valued at $378,175,000 after purchasing an additional 43,533 shares during the period. Bahl & Gaynor Inc. increased its position in Broadridge Financial Solutions by 2.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,129,824 shares of the business services provider's stock worth $255,442,000 after buying an additional 29,483 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Broadridge Financial Solutions by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 896,718 shares of the business services provider's stock valued at $202,739,000 after acquiring an additional 20,694 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. DA Davidson reiterated a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of "Hold" and a consensus price target of $241.00.

Insider Activity

In other news, Director Brett Keller sold 5,442 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company's stock, valued at $3,734,854.40. This represents a 25.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laura Matlin sold 514 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the sale, the vice president now directly owns 6,602 shares in the company, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,754 shares of company stock valued at $29,397,793 over the last three months. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Down 0.2 %

Shares of Broadridge Financial Solutions stock traded down $0.46 on Tuesday, reaching $236.08. 67,516 shares of the company's stock were exchanged, compared to its average volume of 519,701. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $27.63 billion, a P/E ratio of 36.98 and a beta of 1.06. The firm's 50-day moving average is $235.54 and its two-hundred day moving average is $229.60. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the company earned $0.92 earnings per share. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.09%.

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.