Advisors Asset Management Inc. Has $14.68 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Advisors Asset Management Inc. reduced its holdings in Broadridge Financial Solutions by 3.1%, now owning 60,550 shares valued at approximately $14.68 million after selling 1,921 shares.
• Broadridge Financial Solutions reported an earnings per share (EPS) of $3.55 for the recent quarter, surpassing the consensus estimate and showing a 6.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.975 per share, increased from the previous dividend, representing a 1.5% yield and a payout ratio of 49.65%.

Advisors Asset Management Inc. lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,550 shares of the business services provider's stock after selling 1,921 shares during the period. Advisors Asset Management Inc. owned 0.05% of Broadridge Financial Solutions worth $14,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new stake in Broadridge Financial Solutions in the 1st quarter valued at $217,000. CWA Asset Management Group LLC raised its stake in Broadridge Financial Solutions by 6.8% in the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after acquiring an additional 87 shares during the period. Golden State Wealth Management LLC bought a new position in Broadridge Financial Solutions during the 1st quarter worth $29,000. Sequoia Financial Advisors LLC increased its position in Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock worth $279,000 after buying an additional 101 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Broadridge Financial Solutions by 12.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock worth $159,000 after buying an additional 72 shares during the period. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock traded down $1.17 during midday trading on Friday, reaching $250.85. The company had a trading volume of 541,825 shares, compared to its average volume of 640,508. The company has a market capitalization of $29.38 billion, a price-to-earnings ratio of 35.38 and a beta of 0.96. The stock has a 50 day moving average price of $250.59 and a 200-day moving average price of $241.53. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.Broadridge Financial Solutions's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.975 per share. 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. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. Broadridge Financial Solutions's payout ratio is presently 55.01%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Needham & Company LLC lifted their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and an average price target of $261.50.

Insider Buying and Selling

In other news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president directly owned 48,813 shares in the company, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the sale, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Profile

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.