Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $216.00.
Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Royal Bank Of Canada increased their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st.
Check Out Our Latest Research Report on BR
Broadridge Financial Solutions Stock Performance
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities research analysts forecast that Broadridge Financial Solutions will post 10.54 EPS for the current year.
Broadridge Financial Solutions Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is currently 45.32%.
Institutional Trading of Broadridge Financial Solutions
Several hedge funds have recently added to or reduced their stakes in BR. Tidal Investments LLC increased its stake in shares of Broadridge Financial Solutions by 98.7% during the 2nd quarter. Tidal Investments LLC now owns 104,615 shares of the business services provider’s stock worth $14,327,000 after purchasing an additional 51,975 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Broadridge Financial Solutions by 32.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,011 shares of the business services provider’s stock valued at $275,000 after buying an additional 494 shares during the period. NewEdge Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 1.2% during the 2nd quarter. NewEdge Advisors LLC now owns 15,192 shares of the business services provider’s stock valued at $2,081,000 after buying an additional 180 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Broadridge Financial Solutions by 11.8% during the 2nd quarter. IFP Advisors Inc now owns 2,107 shares of the business services provider’s stock valued at $289,000 after buying an additional 222 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Broadridge Financial Solutions by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 139,172 shares of the business services provider’s stock worth $19,060,000 after acquiring an additional 68,762 shares during the period. Institutional investors own 90.03% of the company’s stock.
About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc (NYSE:BR) is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.
The company’s offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.
Further Reading
- Five stocks we like better than Broadridge Financial Solutions
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
