Lombard Odier Asset Management Europe Ltd Increases Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Lombard Odier Asset Management Europe Ltd boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,861 shares of the business services provider's stock after buying an additional 2,861 shares during the period. Lombard Odier Asset Management Europe Ltd's holdings in Broadridge Financial Solutions were worth $2,731,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in shares of Broadridge Financial Solutions by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider's stock valued at $2,001,000 after acquiring an additional 50 shares in the last quarter. Garrison Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider's stock worth $3,535,000 after purchasing an additional 50 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Broadridge Financial Solutions by 4.5% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,193 shares of the business services provider's stock worth $242,000 after purchasing an additional 51 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Broadridge Financial Solutions by 1.0% in the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider's stock worth $1,120,000 after purchasing an additional 52 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Broadridge Financial Solutions by 2.5% during the second quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insiders Place Their Bets

In other news, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, President Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 19th. The shares were sold at an average price of $210.00, for a total value of $34,020.00. Following the transaction, the president now directly owns 67,267 shares of the company's stock, valued at $14,126,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the sale, the vice president now owns 5,530 shares of the company's stock, valued at approximately $1,194,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on BR. JPMorgan Chase & Co. boosted their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. DA Davidson restated a "neutral" rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.33.

Broadridge Financial Solutions Trading Down 0.1 %

Shares of NYSE BR traded down $0.12 during midday trading on Tuesday, hitting $210.53. The company's stock had a trading volume of 320,177 shares, compared to its average volume of 529,073. The business's 50 day moving average is $210.51 and its two-hundred day moving average is $203.40. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $223.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. The firm has a market cap of $24.88 billion, a P/E ratio of 35.93 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the firm earned $3.21 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.67%. Broadridge Financial Solutions's payout ratio is 60.07%.

About Broadridge Financial Solutions

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.