AG2R LA Mondiale Gestion D Actifs Invests $1.16 Million in Broadridge Financial Solutions, Inc. $BR

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Broadridge Financial Solutions worth approximately $1.16 million, as per their recent 13F filing.
• Broadridge's CEO and President have recently sold significant shares, decreasing their ownership by 3.81% and 12.60%, respectively.
• The company recently increased its quarterly dividend to $0.975, which marks a rise from the previous $0.88, representing a 1.5% yield.

AG2R LA Mondiale Gestion D Actifs bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,793 shares of the business services provider's stock, valued at approximately $1,164,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new position in Broadridge Financial Solutions in the 1st quarter worth $217,000. CWA Asset Management Group LLC boosted 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 worth $332,000 after purchasing an additional 87 shares during the period. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter worth $29,000. Sequoia Financial Advisors LLC boosted its stake in Broadridge Financial Solutions by 9.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock worth $279,000 after purchasing an additional 101 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Broadridge Financial Solutions by 12.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock worth $159,000 after purchasing an additional 72 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BR shares. UBS Group increased 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. Needham & Company LLC upped their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $0.92 during midday trading on Friday, reaching $241.64. 129,251 shares of the company were exchanged, compared to its average volume of 592,321. The stock's 50-day moving average price is $252.22 and its 200-day moving average price is $242.22. The stock has a market cap of $28.30 billion, a P/E ratio of 34.04 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a one year low of $207.21 and a one year high of $271.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 55.01%.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer 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. In the last quarter, insiders have sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is owned by company 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.