Empowered Funds LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 59,157 shares of the business services provider’s stock, valued at approximately $8,102,000.
A number of other large investors have also bought and sold shares of BR. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $580,000. Woodline Partners LP increased its holdings in Broadridge Financial Solutions by 6.9% during the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2,106 shares during the period. Cerity Partners LLC raised its stake in shares of Broadridge Financial Solutions by 8.5% in the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after purchasing an additional 2,004 shares during the period. Finally, Cary Street Partners Financial LLC lifted its holdings in shares of Broadridge Financial Solutions by 33.5% in the second quarter. Cary Street Partners Financial LLC now owns 621 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 156 shares in the last quarter. 90.03% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on BR. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. UBS Group restated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson lowered their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $215.86.
Broadridge Financial Solutions Stock Up 0.3%
NYSE:BR opened at $183.54 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $258.70. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 19.08 and a beta of 0.87. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $157.05 and its two-hundred day moving average price is $160.32.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $3.55 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.
Broadridge Financial Solutions Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.
Insider Activity at Broadridge Financial Solutions
In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
Broadridge Financial Solutions Company 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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