15,672 Shares in Broadridge Financial Solutions, Inc. $BR Bought by CHB Investment Group LLC

Key Points

• CHB Investment Group LLC acquired 15,672 shares of Broadridge Financial Solutions, valued at approximately $3.8 million, making it the firm's 12th largest position.
• Broadridge recently increased its quarterly dividend to $0.975, a boost from the previous $0.88, indicating a strong commitment to returning value to shareholders.
• Wall Street analysts have been optimistic, with several brokerages raising their price targets for Broadridge, with a consensus price target of $261.50.

CHB Investment Group LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,672 shares of the business services provider's stock, valued at approximately $3,809,000. Broadridge Financial Solutions comprises approximately 1.9% of CHB Investment Group LLC's holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the first quarter valued at about $29,000. Whipplewood Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Broadridge Financial Solutions by 450.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after purchasing an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the first quarter valued at about $36,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BR. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC raised their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Trading Down 1.2%

Shares of Broadridge Financial Solutions stock opened at $238.70 on Wednesday. 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, Inc. has a 52 week low of $208.14 and a 52 week high of $271.91. The stock has a 50 day moving average price of $252.56 and a two-hundred day moving average price of $242.22. The stock has a market capitalization of $27.96 billion, a PE ratio of 33.67 and a beta of 0.96.

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

Broadridge Financial Solutions Increases Dividend

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

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares of the company's stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock valued at $38,417,208 in the last three months. Insiders own 1.30% of the company's stock.

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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