NewEdge Advisors LLC Trims Position in Broadridge Financial Solutions, Inc. $BR

NewEdge Advisors LLC lessened its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 43.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,012 shares of the business services provider’s stock after selling 11,629 shares during the quarter. NewEdge Advisors LLC’s holdings in Broadridge Financial Solutions were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Maripau Wealth Management LLC increased its position in shares of Broadridge Financial Solutions by 11.8% during the first quarter. Maripau Wealth Management LLC now owns 2,317 shares of the business services provider’s stock valued at $376,000 after buying an additional 245 shares during the period. Allen Capital Group LLC grew its holdings in shares of Broadridge Financial Solutions by 5.7% during the 1st quarter. Allen Capital Group LLC now owns 21,263 shares of the business services provider’s stock worth $3,455,000 after acquiring an additional 1,148 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Broadridge Financial Solutions by 20.2% during the 1st quarter. Glenmede Trust Co. NA now owns 5,808 shares of the business services provider’s stock worth $944,000 after acquiring an additional 977 shares during the period. Wellington Grp LLC raised its position in shares of Broadridge Financial Solutions by 36.4% in the 1st quarter. Wellington Grp LLC now owns 2,086 shares of the business services provider’s stock worth $339,000 after acquiring an additional 557 shares in the last quarter. Finally, Essential Partners LLC raised its position in shares of Broadridge Financial Solutions by 465.9% in the 1st quarter. Essential Partners LLC now owns 464 shares of the business services provider’s stock worth $75,000 after acquiring an additional 382 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BR. Needham & Company LLC dropped their price target 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. Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley boosted their target price on shares of 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 reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, UBS Group decreased their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.71.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $172.17 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $265.37. The firm has a market cap of $19.63 billion, a P/E ratio of 17.90 and a beta of 0.87. The company has a 50 day moving average of $149.54 and a 200 day moving average of $161.45. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating the consensus estimate 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 return on equity of 40.25% and a net margin of 15.04%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.5%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 40.54%.

Insider Activity

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

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.