332,572 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Hamlin Capital Management LLC

Key Points

• Hamlin Capital Management acquired 332,572 Broadridge Financial Solutions shares worth approximately $53.6 million, representing about 0.29% of the company and 1.3% of the fund’s holdings. Institutional investors collectively own 90.03% of BR.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $216, though several firms continue to rate the stock “Hold” or “Neutral.”
• Broadridge exceeded quarterly earnings and revenue estimates, reporting $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend to $1.09 per share, equal to a 2.7% annualized yield.

Hamlin Capital Management LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 332,572 shares of the business services provider's stock, valued at approximately $53,577,000. Broadridge Financial Solutions comprises approximately 1.3% of Hamlin Capital Management LLC's holdings, making the stock its 24th biggest position. Hamlin Capital Management LLC owned about 0.29% of Broadridge Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $1,473,918,000. Jupiter Topco LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $261,852,000. The Manufacturers Life Insurance Company acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at approximately $197,921,000. Van ECK Associates Corp grew its holdings in Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock valued at $329,239,000 after buying an additional 774,747 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $101,738,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BR has been the topic of several research reports. UBS Group restated a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley increased 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 research note on Thursday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Finally, Royal Bank Of Canada upped their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and an average price target of $216.00.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $3.46 during trading on Thursday, hitting $163.59. 287,697 shares of the company's stock traded hands, compared to its average volume of 1,358,717. The company has a market cap of $18.47 billion, a PE ratio of 16.98 and a beta of 0.92. The firm's fifty day moving average price is $169.11 and its 200 day moving average price is $157.66. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $237.39. 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 (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts forecast 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 announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were given a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.7%. Broadridge Financial Solutions's dividend payout ratio is 45.32%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the sale, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company's services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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