Los Angeles Capital Management LLC Purchases Shares of 32,708 Broadridge Financial Solutions, Inc. (NYSE:BR)

Los Angeles Capital Management LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,708 shares of the business services provider's stock, valued at approximately $7,033,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in shares of Broadridge Financial Solutions by 0.8% in the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 45 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Broadridge Financial Solutions by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock valued at $2,001,000 after purchasing an additional 50 shares during the last quarter. Garrison Asset Management LLC increased its stake in shares of Broadridge Financial Solutions by 0.3% in the second quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock valued at $3,535,000 after buying an additional 50 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of Broadridge Financial Solutions by 1.0% during the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider's stock valued at $1,120,000 after acquiring an additional 52 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Broadridge Financial Solutions by 2.5% during the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 1.0 %

BR traded up $2.22 on Tuesday, hitting $228.43. The company had a trading volume of 195,815 shares, compared to its average volume of 518,988. Broadridge Financial Solutions, Inc. has a 52-week low of $176.29 and a 52-week high of $228.56. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.08. The stock has a fifty day simple moving average of $214.56 and a 200-day simple moving average of $207.28. The firm has a market capitalization of $26.70 billion, a P/E ratio of 39.14 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 31,539 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the completion of the sale, the president now directly owns 67,215 shares in the company, valued at $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Maura A. Markus sold 3,880 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now owns 67,215 shares of the company's stock, valued at $13,938,374.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,535 shares of company stock valued at $36,613,975 in the last quarter. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BR. JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 6th. Finally, StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $217.83.

Broadridge Financial Solutions 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.