Broadridge Financial Solutions, Inc. $BR Shares Purchased by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its holdings in Broadridge Financial Solutions by 3.4%, owning over $283 million worth of shares, which now represents 1.4% of their investment portfolio.
• Broadridge recently declared a quarterly dividend of $0.975 per share, up from a previous $0.88, with a yield of 1.5% and a payout ratio of 49.65%.
• The company's latest earnings report showed a revenue increase of 6.2% year-over-year, with earnings per share exceeding analysts' expectations at $3.55.

Bahl & Gaynor Inc. lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168,351 shares of the business services provider's stock after purchasing an additional 38,527 shares during the quarter. Broadridge Financial Solutions accounts for 1.4% of Bahl & Gaynor Inc.'s portfolio, making the stock its 23rd largest position. Bahl & Gaynor Inc. owned about 0.99% of Broadridge Financial Solutions worth $283,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Broadridge Financial Solutions by 456.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 25,781 shares of the business services provider's stock worth $6,251,000 after acquiring an additional 21,152 shares during the period. Groupe la Francaise lifted its stake in Broadridge Financial Solutions by 14.7% during the first quarter. Groupe la Francaise now owns 19,341 shares of the business services provider's stock worth $4,620,000 after purchasing an additional 2,485 shares during the period. Allstate Corp grew its stake in shares of Broadridge Financial Solutions by 38.5% in the 1st quarter. Allstate Corp now owns 4,971 shares of the business services provider's stock valued at $1,205,000 after purchasing an additional 1,381 shares during the period. Compound Planning Inc. lifted its position in shares of Broadridge Financial Solutions by 16.5% during the 1st quarter. Compound Planning Inc. now owns 4,780 shares of the business services provider's stock worth $1,159,000 after buying an additional 676 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock valued at $251,513,000 after buying an additional 883,125 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on BR shares. Needham & Company LLC upped their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, UBS Group lifted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus target price of $261.50.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the sale, the chief executive officer directly owned 165,634 shares of the company's stock, valued at $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maura A. Markus sold 3,556 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction 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. This trade represents 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 worth $39,281,601. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Performance

BR stock traded up $0.41 during midday trading on Tuesday, reaching $257.10. 1,292,383 shares of the company's stock traded hands, compared to its average volume of 801,294. Broadridge Financial Solutions, Inc. has a 52 week low of $206.95 and a 52 week high of $271.91. The firm has a market capitalization of $30.11 billion, a PE ratio of 30.02 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day moving average price of $247.82 and a two-hundred day moving average price of $240.69.

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 (EPS) for the quarter, beating 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 quarter last year, the company posted $3.50 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

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

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.