Mather Group LLC. Has $513,000 Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Mather Group LLC. trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 21.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,111 shares of the business services provider’s stock after selling 589 shares during the quarter. Mather Group LLC.’s holdings in Broadridge Financial Solutions were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BR. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the first quarter valued at about $29,000. Whipplewood Advisors LLC raised its holdings in shares of 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 valued at $33,000 after acquiring an additional 131 shares during the period. Continuum Advisory LLC lifted its position in shares of 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 acquiring an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Broadridge Financial Solutions by 450.0% in the 1st 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 period. Finally, Olde Wealth Management LLC purchased a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, 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 value of $1,848,497.92. Following the completion of the sale, the president directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $258.37, for a total value of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $234.86 on Friday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The stock’s 50-day moving average is $252.53 and its two-hundred day moving average is $242.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $27.51 billion, a P/E ratio of 33.13 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results 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 return on equity of 42.72% and a net margin of 12.19%.The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’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. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share 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. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s payout ratio is 55.01%.

Wall Street Analyst Weigh In

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