263,109 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Man Group plc

Man Group plc acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 263,109 shares of the business services provider's stock, valued at approximately $36,033,000. Man Group plc owned about 0.23% of Broadridge Financial Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BR. BlackRock Inc. purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth about $1,473,918,000. Jupiter Topco LLC purchased a new position in shares of Broadridge Financial Solutions during the second quarter worth approximately $261,852,000. Norges Bank bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $346,304,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $197,921,000. Finally, Van ECK Associates Corp grew its stake in Broadridge Financial Solutions by 110.6% in the fourth quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock worth $329,239,000 after purchasing an additional 774,747 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Down 1.9%

NYSE:BR opened at $181.23 on Thursday. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 18.84 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $259.02. 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 firm has a 50 day moving average of $155.21 and a 200 day moving average of $160.15.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.4%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio is currently 45.32%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider owned 1 shares of the company's stock, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

BR has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. DA Davidson lowered their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. UBS Group reaffirmed a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and an average price target of $215.86.

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.

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