B. Metzler seel. Sohn & Co. AG Sells 106,897 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• B. Metzler seel. Sohn & Co. AG cut its Broadridge Financial Solutions stake by 66.5% in the second quarter, selling 106,897 shares and retaining 53,832 shares valued at approximately $7.4 million. Institutional investors collectively own 90.03% of the company.
• Broadridge reported quarterly earnings of $3.82 per share, exceeding estimates of $3.76, while revenue rose 7.5% year over year to $2.22 billion. The company also increased its quarterly dividend to $1.09 per share, implying a 2.4% yield.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $216, compared with a recent share price of $179.04.

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 66.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,832 shares of the business services provider's stock after selling 106,897 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Broadridge Financial Solutions were worth $7,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth $580,000. Empowered Funds LLC increased its position 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 worth $959,000 after acquiring an additional 1,160 shares during the period. Woodline Partners LP lifted its stake in shares of Broadridge Financial Solutions by 6.9% in 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 during the period. Acadian Asset Management LLC grew its position 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 worth $616,000 after buying an additional 2,106 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Broadridge Financial Solutions by 8.5% during the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock worth $6,203,000 after buying an additional 2,004 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $179.04 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a market cap of $20.41 billion, a PE ratio of 18.61 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $255.74. The company's 50-day moving average price is $160.47 and its two-hundred day moving average price is $160.43.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $3.55 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.4%. Broadridge Financial Solutions's dividend payout ratio is currently 40.54%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BR shares. UBS Group reaffirmed a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an "outperform" rating in a research report on Monday. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.00.

Broadridge Financial Solutions Company 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.

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