Bleakley Financial Group LLC Invests $3.48 Million in Broadridge Financial Solutions, Inc. $BR

Key Points

• Bleakley Financial Group bought a new stake in Broadridge Financial Solutions in the fourth quarter, purchasing 15,589 shares valued at about $3.48 million.
• Broadridge’s latest quarterly results topped expectations, with EPS of $2.72 versus $2.63 expected and revenue of $1.95 billion versus $1.90 billion expected, while revenue rose 7.8% year over year.
• The stock has drawn mixed analyst views, with a consensus “Moderate Buy” and average target price of $221.57; the company also announced a quarterly dividend of $0.975 per share, payable July 2.

Bleakley Financial Group LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,589 shares of the business services provider's stock, valued at approximately $3,479,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cary Street Partners Financial LLC increased its position in shares of Broadridge Financial Solutions by 12.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 728 shares of the business services provider's stock valued at $162,000 after acquiring an additional 79 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Broadridge Financial Solutions by 24.2% during the fourth quarter. Harbour Investments Inc. now owns 591 shares of the business services provider's stock valued at $132,000 after acquiring an additional 115 shares during the last quarter. Tandem Investment Advisors Inc. acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $33,828,000. Eukles Asset Management increased its position in shares of Broadridge Financial Solutions by 2.7% during the fourth quarter. Eukles Asset Management now owns 4,557 shares of the business services provider's stock valued at $1,017,000 after acquiring an additional 121 shares during the last quarter. Finally, Allstate Corp increased its position in shares of Broadridge Financial Solutions by 100.1% during the fourth quarter. Allstate Corp now owns 8,652 shares of the business services provider's stock valued at $1,931,000 after acquiring an additional 4,329 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada lowered their price objective on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of Broadridge Financial Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey bought 5,300 shares of the business's stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the acquisition, the chief executive officer directly owned 142,876 shares of the company's stock, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Stock Up 0.1%

Shares of NYSE:BR opened at $147.07 on Thursday. The company has a market capitalization of $17.01 billion, a PE ratio of 15.75 and a beta of 0.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91. The firm has a 50 day simple moving average of $157.47 and a 200-day simple moving average of $190.76.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.09. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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 was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

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

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.

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