Deutsche Bank AG Buys 34,734 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Deutsche Bank AG grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,288 shares of the business services provider's stock after acquiring an additional 34,734 shares during the quarter. Deutsche Bank AG owned about 0.40% of Broadridge Financial Solutions worth $105,423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Broadridge Financial Solutions by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider's stock valued at $33,898,000 after purchasing an additional 6,552 shares during the period. Fortitude Family Office LLC grew its position in Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Broadridge Financial Solutions by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,626 shares of the business services provider's stock worth $4,220,000 after purchasing an additional 233 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Broadridge Financial Solutions by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,544 shares of the business services provider's stock valued at $2,158,000 after acquiring an additional 158 shares during the period. Finally, Czech National Bank lifted its stake in Broadridge Financial Solutions by 6.6% during the 4th quarter. Czech National Bank now owns 25,344 shares of the business services provider's stock valued at $5,730,000 after acquiring an additional 1,570 shares during the period. Institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. DA Davidson reaffirmed a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Royal Bank of Canada increased their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $250.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 22,357 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the sale, the president now owns 52,524 shares in the company, valued at approximately $12,355,220.52. This represents a 29.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the sale, the director now directly owns 4,960 shares of the company's stock, valued at $1,180,132.80. This represents a 8.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,473 shares of company stock valued at $29,072,366 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Up 0.2%

BR stock traded up $0.37 during midday trading on Wednesday, reaching $237.68. 511,461 shares of the company were exchanged, compared to its average volume of 532,614. The stock's 50-day simple moving average is $233.76 and its 200 day simple moving average is $232.23. The company has a market cap of $27.92 billion, a price-to-earnings ratio of 37.20 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01. 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 (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $2.23 EPS. The business's revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be issued a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions's payout ratio is 52.93%.

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.