BNP Paribas Financial Markets Has $40.20 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• BNP Paribas Financial Markets reduced its stake in Broadridge Financial Solutions by 32.6%, resulting in ownership of 165,810 shares valued at approximately $40.20 million.
• Broadridge Financial Solutions announced a quarterly dividend increase to $0.975 per share, reflecting an annualized yield of 1.5%, which is a boost from the previous $0.88 dividend.
• The company reported $3.55 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $2.07 billion, up 6.2% year-over-year.

BNP Paribas Financial Markets lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 32.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,810 shares of the business services provider's stock after selling 80,074 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of Broadridge Financial Solutions worth $40,202,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BR. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $580,000. Beacon Pointe Advisors LLC grew its position in Broadridge Financial Solutions by 55.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,288 shares of the business services provider's stock worth $517,000 after buying an additional 817 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $1,335,000. Mercer Global Advisors Inc. ADV grew its position in Broadridge Financial Solutions by 14.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,296 shares of the business services provider's stock worth $3,006,000 after buying an additional 1,635 shares in the last quarter. Finally, AXA S.A. lifted its stake in Broadridge Financial Solutions by 26.8% during the fourth quarter. AXA S.A. now owns 69,554 shares of the business services provider's stock worth $15,725,000 after purchasing an additional 14,703 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 0.8%

NYSE:BR traded up $2.12 during trading hours on Thursday, hitting $251.94. 655,440 shares of the company were exchanged, compared to its average volume of 595,834. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 35.53 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a one year low of $206.95 and a one year high of $271.91. The company has a fifty day simple moving average of $250.12 and a 200 day simple moving average of $241.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.5%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is 49.65%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 84,571 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction 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 $42,986,992.02. This trade represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BR has been the subject of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Needham & Company LLC upped their target price 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. Morgan Stanley upped their target price on 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. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions 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.