Aptus Capital Advisors LLC Buys 10,578 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Aptus Capital Advisors increased its stake in Broadridge Financial Solutions by 9.2% in the fourth quarter, buying 10,578 additional shares and bringing its total holding to 124,953 shares worth about $27.9 million.
• Broadridge reported better-than-expected quarterly results, with EPS of $2.72 versus estimates of $2.63 and revenue of $1.95 billion versus $1.90 billion expected. Revenue rose 7.8% year over year.
• The company also declared a quarterly dividend of $0.975 per share, equal to $3.90 annually and a 2.7% yield, while analysts currently rate the stock a "Moderate Buy" with an average target price of $221.57.

Aptus Capital Advisors LLC raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,953 shares of the business services provider's stock after buying an additional 10,578 shares during the period. Aptus Capital Advisors LLC owned 0.11% of Broadridge Financial Solutions worth $27,891,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BR. Brighton Jones LLC bought a new position in Broadridge Financial Solutions during the fourth quarter valued at about $580,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 41.5% during the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider's stock valued at $959,000 after buying an additional 1,160 shares in the last quarter. Woodline Partners LP raised its holdings in Broadridge Financial Solutions by 6.9% during the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock valued at $2,397,000 after buying an additional 635 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Broadridge Financial Solutions by 480.8% during the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock valued at $616,000 after buying an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of Broadridge Financial Solutions by 8.5% in the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock valued at $6,203,000 after purchasing an additional 2,004 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Down 0.0%

Shares of BR opened at $144.81 on Friday. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 15.50 and a beta of 0.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $139.79 and a 12 month high of $271.91. The company has a 50-day moving average price of $153.62 and a two-hundred day moving average price of $184.79.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.09. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $0.975 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. Broadridge Financial Solutions's payout ratio is 41.76%.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

BR has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, May 1st. Weiss Ratings downgraded Broadridge Financial Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, May 11th. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. DA Davidson lowered their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, May 5th. Finally, UBS Group lowered their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $221.57.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.