Broadridge Financial Solutions, Inc. (NYSE:BR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Broadridge Financial Solutions has received a consensus rating of "Hold" from analysts, with a target price average of $261.50 per share.
• Insider trading activity includes significant shares sold by President Christopher John Perry and CEO Timothy C. Gokey, decreasing their ownership stakes by 12.60% and 3.81%, respectively.
• The company recently announced an increase in its quarterly dividend to $0.975, up from $0.88, reflecting a 1.6% dividend yield for shareholders.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) have received an average rating of "Hold" from the seven research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $261.50.

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Needham & Company LLC upped their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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 owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy C. Gokey sold 5,674 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,532 shares of company stock valued at $38,417,208. Insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds have recently modified their holdings of BR. NewSquare Capital LLC lifted its holdings in shares of Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider's stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Broadridge Financial Solutions by 85.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider's stock valued at $30,000 after purchasing an additional 57 shares during the last quarter. Finally, Bank of Jackson Hole Trust lifted its holdings in shares of Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider's stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Up 0.0%

Shares of BR stock opened at $241.57 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions has a 1 year low of $208.14 and a 1 year high of $271.91. The stock has a fifty day moving average of $252.46 and a two-hundred day moving average of $242.25. The firm has a market capitalization of $28.30 billion, a PE ratio of 34.07 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, research analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's payout ratio is currently 55.01%.

About Broadridge Financial Solutions

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.

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