APG Asset Management N.V. Has $365.06 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• APG Asset Management N.V. reduced its holdings in Broadridge Financial Solutions by 2.7%, selling 45,017 shares and retaining 1,626,390 shares, which accounts for 1.1% of its total portfolio.
• Broadridge Financial Solutions has recently increased its quarterly dividend from $0.88 to $0.975 per share, representing an annual yield of 1.5%.
• Various analysts have raised their target prices for Broadridge, with UBS Group's target increased from $250.00 to $280.00, while Needham boosted it to $305.00, reflecting renewed positive sentiment around the stock.

APG Asset Management N.V. cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,626,390 shares of the business services provider's stock after selling 45,017 shares during the period. Broadridge Financial Solutions makes up approximately 1.1% of APG Asset Management N.V.'s investment portfolio, making the stock its 14th largest position. APG Asset Management N.V. owned about 1.38% of Broadridge Financial Solutions worth $365,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BR. Vanguard Group Inc. raised its position in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after buying an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Broadridge Financial Solutions by 2.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock worth $409,662,000 after acquiring an additional 39,846 shares during the period. Northern Trust Corp raised its holdings in Broadridge Financial Solutions by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after acquiring an additional 314,323 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Broadridge Financial Solutions by 3.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider's stock valued at $283,278,000 after acquiring an additional 38,527 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Broadridge Financial Solutions by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider's stock valued at $235,840,000 after acquiring an additional 138,207 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BR. Morgan Stanley raised their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Needham & Company LLC increased 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. Royal Bank Of Canada restated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. UBS Group upped their price target 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. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Trading Up 0.2%

Shares of BR traded up $0.41 during trading hours on Tuesday, hitting $257.10. 1,292,383 shares of the stock were exchanged, compared to its average volume of 801,294. Broadridge Financial Solutions, Inc. has a fifty-two week low of $206.95 and a fifty-two week high of $271.91. The business has a 50-day moving average of $247.82 and a 200-day moving average of $240.69. The firm has a market capitalization of $30.11 billion, a P/E ratio of 30.02 and a beta of 0.94. 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 issued its quarterly 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. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $3.50 EPS. The business's revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's payout ratio is 49.65%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the transaction, the director directly owned 30,892 shares of the company's stock, valued at approximately $7,509,227.36. The trade was a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,848,497.92. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,088 shares of company stock worth $39,281,601. 1.30% of the stock is owned by corporate insiders.

About Broadridge Financial Solutions

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.