Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 69,979 shares of the business services provider’s stock, valued at approximately $11,370,000.
Several other institutional investors and hedge funds have also made changes to their positions in BR. D.A. Davidson & CO. grew its stake in Broadridge Financial Solutions by 43.6% in the first quarter. D.A. Davidson & CO. now owns 2,084 shares of the business services provider’s stock worth $339,000 after purchasing an additional 633 shares in the last quarter. Navigation Group LLC acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $227,000. Twin Capital Management Inc. acquired a new stake in Broadridge Financial Solutions during the 1st quarter valued at approximately $674,000. Sanctuary Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 9.3% in the first quarter. Sanctuary Advisors LLC now owns 15,826 shares of the business services provider’s stock worth $2,571,000 after buying an additional 1,347 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC increased its holdings in Broadridge Financial Solutions by 6.8% in the first quarter. Nicholson Wealth Management Group LLC now owns 8,045 shares of the business services provider’s stock valued at $1,307,000 after buying an additional 510 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.
Broadridge Financial Solutions Price Performance
Shares of Broadridge Financial Solutions stock opened at $149.89 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $271.91. The stock has a market capitalization of $17.34 billion, a P/E ratio of 16.05 and a beta of 0.89. The business’s fifty day moving average price is $146.20 and its 200 day moving average price is $169.88.
Broadridge Financial Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $0.975 per share. The ex-dividend date was Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 41.76%.
Analyst Ratings Changes
Several equities research analysts have commented on the company. DA Davidson cut their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. UBS Group dropped their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Needham & Company LLC dropped their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.57.
Get Our Latest Research Report on Broadridge Financial Solutions
Insider Transactions at Broadridge Financial Solutions
In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.
Broadridge Financial Solutions Profile
Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.
Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.
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