ASR Vermogensbeheer N.V. Has $32.10 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Broadridge Financial Solutions, owning approximately $32.10 million worth of shares after acquiring additional shares in the second quarter.
• Insider transactions revealed significant share sales by CEO Timothy C. Gokey and President Christopher John Perry, leading to a decrease in their ownership stakes.
• Broadridge Financial Solutions announced a quarterly dividend increase to $0.975, reflecting a positive change from the previous dividend of $0.88.

ASR Vermogensbeheer N.V. lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,095 shares of the business services provider's stock after purchasing an additional 1,660 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.11% of Broadridge Financial Solutions worth $32,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BR. Brighton Jones LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $580,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Broadridge Financial Solutions by 4.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,258 shares of the business services provider's stock worth $4,580,000 after buying an additional 865 shares during the period. Wellington Management Group LLP lifted its position in shares of Broadridge Financial Solutions by 28.4% during the 4th quarter. Wellington Management Group LLP now owns 4,636 shares of the business services provider's stock worth $1,048,000 after buying an additional 1,026 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 48.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,629 shares of the business services provider's stock worth $395,000 after buying an additional 530 shares during the period. Finally, Merit Financial Group LLC lifted its position in shares of Broadridge Financial Solutions by 22.5% during the 1st quarter. Merit Financial Group LLC now owns 9,630 shares of the business services provider's stock worth $2,335,000 after buying an additional 1,767 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was 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 approximately $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were 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 of the company's stock, valued at approximately $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. Over the last three months, insiders sold 147,532 shares of company stock valued at $38,417,208. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several analyst reports. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley raised their target price 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. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Two equities 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Down 1.4%

NYSE BR opened at $234.83 on Thursday. The stock has a fifty day moving average of $252.11 and a 200-day moving average of $242.49. The stock has a market capitalization of $27.51 billion, a P/E ratio of 33.12 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results 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 company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities research analysts forecast 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. Shareholders of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions's payout ratio is presently 55.01%.

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.

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