Royal London Asset Management Ltd. Purchases 42,556 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Royal London Asset Management Ltd. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 80.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,305 shares of the business services provider's stock after acquiring an additional 42,556 shares during the quarter. Royal London Asset Management Ltd. owned 0.08% of Broadridge Financial Solutions worth $20,493,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock worth $26,000 after acquiring an additional 96 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the second quarter valued at $32,000. Rothschild Investment LLC bought a new position in shares of Broadridge Financial Solutions in the second quarter valued at about $32,000. True Wealth Design LLC lifted its stake in shares of Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the sale, the president now directly owns 50,237 shares of the company's stock, valued at approximately $10,721,078.17. The trade was a 25.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,066 shares of company stock worth $16,006,777 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. UBS Group started coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a "neutral" rating and a $250.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $222.43.

Broadridge Financial Solutions Trading Down 0.2 %

BR traded down $0.48 during trading on Friday, reaching $235.43. 389,430 shares of the company's stock were exchanged, compared to its average volume of 501,504. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $27.52 billion, a PE ratio of 40.73 and a beta of 1.07. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $237.96. The firm has a fifty day moving average price of $222.41 and a two-hundred day moving average price of $211.58.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio is presently 60.90%.

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.