Occidental Asset Management LLC Acquires 199 Shares of Broadridge Financial Solutions, Inc. $BR

Occidental Asset Management LLC boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,652 shares of the business services provider’s stock after acquiring an additional 199 shares during the quarter. Occidental Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $5,019,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BR. Continuum Advisory LLC increased its stake in Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Norden Group LLC increased its stake in Broadridge Financial Solutions by 2.6% in the 1st quarter. Norden Group LLC now owns 1,852 shares of the business services provider’s stock valued at $449,000 after buying an additional 47 shares during the last quarter. Crew Capital Management Ltd. increased its stake in Broadridge Financial Solutions by 2.4% in the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider’s stock valued at $490,000 after buying an additional 48 shares during the last quarter. Cresset Asset Management LLC increased its stake in Broadridge Financial Solutions by 1.8% in the 1st quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider’s stock valued at $686,000 after buying an additional 49 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Broadridge Financial Solutions by 7.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider’s stock valued at $177,000 after buying an additional 49 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 of the company’s stock, valued at $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. Insiders sold a total of 147,532 shares of company stock valued at $38,417,208 over the last quarter. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

BR has been the subject of several analyst reports. UBS Group increased their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC increased their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $261.50.

Broadridge Financial Solutions Trading Up 0.0%

Shares of BR stock opened at $241.57 on Tuesday. The company has a 50 day moving average of $252.46 and a 200-day moving average of $242.25. 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, Inc. has a 12-month low of $208.14 and a 12-month high of $271.91. The firm has a market cap of $28.30 billion, a P/E ratio of 34.07 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $3.50 EPS. Broadridge Financial Solutions’s quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

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.