AQR Capital Management LLC Grows Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

AQR Capital Management LLC increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 293,443 shares of the business services provider's stock after acquiring an additional 43,874 shares during the quarter. AQR Capital Management LLC owned about 0.25% of Broadridge Financial Solutions worth $66,345,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BR. Fortitude Family Office LLC raised its stake in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after buying an additional 111 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $41,000. Curio Wealth LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter worth approximately $45,000. Salem Investment Counselors Inc. grew its position in shares of Broadridge Financial Solutions by 200.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider's stock worth $51,000 after buying an additional 150 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at $52,000. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 95,956 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. This trade represents a 36.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett Keller sold 5,442 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares of the company's stock, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,240 shares of company stock worth $29,273,611 over the last three months. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded up $1.42 during mid-day trading on Tuesday, hitting $233.60. 113,173 shares of the company traded hands, compared to its average volume of 531,761. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $247.01. The stock has a market cap of $27.34 billion, a price-to-earnings ratio of 36.58 and a beta of 0.98. The stock has a fifty day moving average price of $234.39 and a 200-day moving average price of $231.47.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. Broadridge Financial Solutions's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target 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. DA Davidson reaffirmed a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and an average target price of $250.83.

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.