Amundi Trims Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Amundi reduced its stake in Broadridge Financial Solutions by 8.9%, now owning 663,261 shares valued at approximately $159 million.
• Broadridge Financial Solutions reported a 6.2% increase in revenue year-over-year, with earnings per share of $3.55, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.975, reflecting an increase from the previous dividend of $0.88, with a current yield of 1.5%.

Amundi cut its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663,261 shares of the business services provider's stock after selling 65,074 shares during the period. Amundi owned about 0.56% of Broadridge Financial Solutions worth $159,123,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the first quarter worth about $29,000. Whipplewood Advisors LLC grew its holdings in Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Continuum Advisory LLC grew its holdings in Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after acquiring an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new position in Broadridge Financial Solutions during the 1st quarter worth about $36,000. 90.03% of the stock is currently owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 165,634 shares of the company's stock, valued at $42,986,992.02. This trade represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred 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 completion of the transaction, the president directly owned 48,813 shares of the company's stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock valued at $38,417,208 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock traded down $1.17 during midday trading on Friday, hitting $250.85. The company had a trading volume of 541,825 shares, compared to its average volume of 640,804. The stock has a market cap of $29.38 billion, a price-to-earnings ratio of 35.38 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $250.59 and a 200 day simple moving average of $241.56. Broadridge Financial Solutions, Inc. has a 12-month low of $206.95 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions's revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's payout ratio is 49.65%.

Wall Street Analysts Forecast Growth

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

Broadridge Financial Solutions Company 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.