Webster Bank N. A. Has $66,000 Holdings in Broadridge Financial Solutions, Inc. $BR

Webster Bank N. A. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 36.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 273 shares of the business services provider’s stock after selling 155 shares during the quarter. Webster Bank N. A.’s holdings in Broadridge Financial Solutions were worth $66,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth $29,000. Whipplewood Advisors LLC boosted its holdings in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Broadridge Financial Solutions by 450.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after purchasing an additional 117 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth $36,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $249.91 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $251.84 and its two-hundred day moving average price is $242.19. Broadridge Financial Solutions, Inc. has a 1 year low of $207.21 and a 1 year high of $271.91. The firm has a market capitalization of $29.27 billion, a P/E ratio of 35.25 and a beta of 0.96.

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

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued 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 1.6%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio is presently 55.01%.

Insider Buying and Selling at Broadridge Financial Solutions

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BR. UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Needham & Company LLC increased their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Royal Bank Of Canada restated an “outperform” rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $261.50.

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.