Coastal Bridge Advisors LLC Invests $544,000 in Broadridge Financial Solutions, Inc. $BR

Coastal Bridge Advisors LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,970 shares of the business services provider’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio lifted its stake in shares of Broadridge Financial Solutions by 25.8% in the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock worth $7,927,000 after purchasing an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $4,211,000. UNIVEST FINANCIAL Corp purchased a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $8,227,000. Empowered Funds LLC increased its holdings in Broadridge Financial Solutions by 29.9% during the first quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock valued at $7,869,000 after buying an additional 11,152 shares during the last quarter. Finally, New Age Alpha Advisors LLC raised its position in Broadridge Financial Solutions by 51.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after acquiring an additional 12,569 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Needham & Company LLC lowered their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, DA Davidson decreased their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.86.

Broadridge Financial Solutions Trading Up 0.3%

BR stock opened at $183.54 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $258.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 19.08 and a beta of 0.87. The business has a 50 day simple moving average of $157.05 and a two-hundred day simple moving average of $160.32.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $3.55 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio is presently 40.54%.

About Broadridge Financial Solutions

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.