B. Metzler seel. Sohn & Co. AG Raises Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Broadridge Financial Solutions by 3.5%, holding 207,437 shares valued at approximately $50.3 million as of the latest SEC filing.
• Broadridge recently declared a quarterly dividend of $0.975 per share, a notable increase from the previous payment of $0.88, with a dividend yield of 1.5%.
• Analysts have raised their price targets for Broadridge Financial Solutions, with reports indicating price targets ranging from $250.00 to $305.00, reflecting positive sentiment around the company's performance.

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,437 shares of the business services provider's stock after purchasing an additional 6,936 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.18% of Broadridge Financial Solutions worth $50,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CreativeOne Wealth LLC grew its position in shares of Broadridge Financial Solutions by 12.8% during the first quarter. CreativeOne Wealth LLC now owns 2,209 shares of the business services provider's stock worth $536,000 after buying an additional 251 shares in the last quarter. Walleye Capital LLC acquired a new position in Broadridge Financial Solutions in the first quarter valued at approximately $2,090,000. Enterprise Financial Services Corp acquired a new position in Broadridge Financial Solutions in the first quarter valued at approximately $209,000. Jump Financial LLC boosted its holdings in Broadridge Financial Solutions by 1,611.1% in the first quarter. Jump Financial LLC now owns 34,565 shares of the business services provider's stock valued at $8,381,000 after purchasing an additional 32,545 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Broadridge Financial Solutions by 7.0% in the first quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider's stock valued at $177,000 after purchasing an additional 49 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the firm's 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 completion of the transaction, the president owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of the firm's stock in a transaction 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 $7,509,227.36. The trade was a 10.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,088 shares of company stock valued at $39,281,601. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $257.10 on Wednesday. The stock has a fifty day moving average price of $248.19 and a 200 day moving average price of $240.80. The stock has a market cap of $30.11 billion, a PE ratio of 36.26 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a 1 year low of $206.95 and a 1 year 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 quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.Broadridge Financial Solutions's revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. 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 annualized dividend and a yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.65%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BR shares. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Morgan Stanley upped 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. Needham & Company LLC upped their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has a consensus 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.

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