332,572 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by Hamlin Capital Management LLC

Hamlin Capital Management LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, Holdings Channel reports. The firm bought 332,572 shares of the business services provider’s stock, valued at approximately $53,577,000. Broadridge Financial Solutions comprises approximately 1.3% of Hamlin Capital Management LLC’s portfolio, making the stock its 24th biggest holding.

Other large investors have also bought and sold shares of the company. Apella Capital LLC raised its position in Broadridge Financial Solutions by 235.2% in the 3rd quarter. Apella Capital LLC now owns 5,048 shares of the business services provider’s stock valued at $813,000 after purchasing an additional 3,542 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the third quarter valued at $252,000. Toth Financial Advisory Corp increased its stake in shares of Broadridge Financial Solutions by 21.8% in the third quarter. Toth Financial Advisory Corp now owns 938 shares of the business services provider’s stock valued at $160,000 after buying an additional 168 shares in the last quarter. Paladin Partners LLC raised its holdings in shares of Broadridge Financial Solutions by 5.2% in the third quarter. Paladin Partners LLC now owns 3,240 shares of the business services provider’s stock valued at $569,000 after buying an additional 160 shares during the last quarter. Finally, Eastern Bank lifted its position in Broadridge Financial Solutions by 2.8% during the 3rd quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock worth $434,000 after buying an additional 74 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, UBS Group reissued a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $216.00.

Broadridge Financial Solutions Trading Up 2.2%

BR stock traded up $3.46 during midday trading on Thursday, reaching $163.59. The stock had a trading volume of 287,697 shares, compared to its average volume of 1,358,717. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 16.98 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $237.39. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $169.11 and a two-hundred day simple moving average of $157.66.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The company 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 company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were paid a $1.09 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.7%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. The trade was a 22.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.