6,524 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners acquired 6,524 Broadridge Financial Solutions shares in the third quarter, valued at approximately $1.05 million. Institutional investors collectively own 90.03% of the company.
• Broadridge shares rose 3.7% to $174.49, while the company reported quarterly earnings and revenue above analyst expectations; analysts maintain a consensus “Moderate Buy” rating with a $216 price target.
• The company increased its quarterly dividend to $1.09 per share, or $4.36 annually, producing a 2.5% yield. An insider separately sold 2,501 shares to cover tax obligations tied to vested equity awards.

Curated Wealth Partners LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,524 shares of the business services provider's stock, valued at approximately $1,051,000.

Other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in Broadridge Financial Solutions during the fourth quarter worth about $25,000. Valley Wealth Managers Inc. boosted its stake in Broadridge Financial Solutions by 230.8% in the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider's stock worth $28,000 after buying an additional 120 shares in the last quarter. Security National Bank of SO Dak bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $26,000. Markowski Investments bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at $29,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 3.7%

Shares of NYSE BR traded up $6.23 during trading hours on Thursday, hitting $174.49. The company's stock had a trading volume of 167,210 shares, compared to its average volume of 1,341,165. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 18.16 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $236.02. The business has a 50-day simple moving average of $169.80 and a 200-day simple moving average of $157.66.

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 company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. Broadridge Financial Solutions's payout ratio is presently 45.32%.

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 shares were sold at an average price of $159.76, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BR shares. UBS Group reiterated a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Weiss Ratings upgraded Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Finally, Morgan Stanley boosted their target price on 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.00.

Broadridge Financial Solutions Company Profile

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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