Fulton Bank N.A. Decreases Holdings in Broadridge Financial Solutions, Inc. $BR

Fulton Bank N.A. decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,847 shares of the business services provider’s stock after selling 343 shares during the period. Fulton Bank N.A.’s holdings in Broadridge Financial Solutions were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BR. GAMMA Investing LLC lifted its position in Broadridge Financial Solutions by 31,011.4% during the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider’s stock valued at $240,027,000 after acquiring an additional 986,782 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Broadridge Financial Solutions by 28,222.6% in the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock worth $230,254,000 after buying an additional 946,304 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Broadridge Financial Solutions by 577.9% in the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after buying an additional 883,125 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock worth $3,572,199,000 after buying an additional 438,381 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Broadridge Financial Solutions in the first quarter worth $91,445,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.5%

Shares of NYSE BR opened at $241.46 on Friday. The company’s 50-day simple moving average is $252.35 and its 200-day simple moving average is $242.22. Broadridge Financial Solutions, Inc. has a 52-week low of $207.21 and a 52-week high of $271.91. The firm has a market cap of $28.28 billion, a price-to-earnings ratio of 34.06 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts predict 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. Investors of record on Thursday, September 11th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Insider Transactions at Broadridge Financial Solutions

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BR shares. Needham & Company LLC raised their price target 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. Morgan Stanley raised 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 report on Wednesday, August 6th. Finally, UBS Group raised their price target 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. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $261.50.

About Broadridge Financial Solutions

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.