Northstar Group Inc. Trims Stake in Broadridge Financial Solutions, Inc. $BR

Northstar Group Inc. cut its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,008 shares of the business services provider’s stock after selling 186 shares during the quarter. Broadridge Financial Solutions makes up about 1.3% of Northstar Group Inc.’s investment portfolio, making the stock its 17th largest position. Northstar Group Inc.’s holdings in Broadridge Financial Solutions were worth $8,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at about $217,000. CWA Asset Management Group LLC increased its position in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at about $29,000. Sequoia Financial Advisors LLC boosted its holdings in Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 101 shares during the period. Finally, Triangle Securities Wealth Management purchased a new stake in Broadridge Financial Solutions during the 2nd quarter valued at about $784,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC increased their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Finally, Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $261.50.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the sale, the chief executive officer owned 165,634 shares of the company’s stock, valued at $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president directly owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock valued at $38,417,208 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.4%

Shares of NYSE:BR opened at $234.83 on Thursday. Broadridge Financial Solutions, Inc. has a 52-week low of $208.20 and a 52-week high of $271.91. The firm has a market capitalization of $27.51 billion, a P/E ratio of 33.12 and a beta of 0.95. The stock has a 50 day moving average price of $252.11 and a 200-day moving average price of $242.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.975 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Broadridge Financial Solutions Company 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.