12,092 Broadridge Financial Solutions, Inc. $BR Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Broadridge Financial Solutions stake by 26.7%, selling 12,092 shares in the third quarter and retaining 33,193 shares valued at approximately $5.35 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly EPS of $3.82, exceeding estimates of $3.76, while revenue rose 7.5% year over year to $2.22 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $216.
• The company increased its quarterly dividend to $1.09 per share, equivalent to an annualized $4.36 dividend and a 2.4% yield. Shares opened at $183.29, down 1.5%.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 26.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,193 shares of the business services provider's stock after selling 12,092 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Broadridge Financial Solutions were worth $5,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Security National Bank of SO Dak acquired a new position in Broadridge Financial Solutions in the second quarter valued at $26,000. Markowski Investments purchased a new position in shares of Broadridge Financial Solutions during the second quarter worth about $27,000. Valley Wealth Managers Inc. grew its holdings in shares of Broadridge Financial Solutions by 230.8% during the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider's stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $29,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $33,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Thomas Carey sold 2,501 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at $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 available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group reissued a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings raised Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Morgan Stanley raised their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Stock Down 1.5%

BR stock opened at $183.29 on Friday. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 19.05 and a beta of 0.92. The company has a fifty day moving average price of $171.09 and a 200 day moving average price of $158.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $235.27.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm posted $3.55 EPS. Broadridge Financial Solutions's revenue for the quarter was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were issued a dividend of $1.09 per share. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio is 45.32%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc NYSE: BR is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company's offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.

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