Jupiter Topco LLC Takes $261.85 Million Position in Broadridge Financial Solutions, Inc. $BR

Jupiter Topco LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,912,032 shares of the business services provider’s stock, valued at approximately $261,852,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at approximately $43,726,000. EFG International AG bought a new position in shares of Broadridge Financial Solutions in the second quarter worth $4,354,000. Ancora Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the second quarter valued at $555,000. Canada Pension Plan Investment Board bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $33,540,000. Finally, Legal & General Group Plc bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $99,172,000. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on BR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Needham & Company LLC dropped their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $215.86.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $184.76 on Wednesday. The company has a 50-day moving average of $154.38 and a 200-day moving average of $160.24. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 19.21 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $259.02.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts forecast 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. Stockholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

Broadridge Financial Solutions 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.