Broadridge Financial Solutions, Inc. $BR Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its Broadridge Financial Solutions position by 262% in the third quarter, bringing its holdings to 27,943 shares valued at approximately $4.5 million. Institutional investors collectively own 90.03% of BR shares.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 EPS on $2.22 billion in revenue, with revenue up 7.5% year over year. The company issued fiscal 2027 EPS guidance of $10.37–$10.75.
• The company raised its quarterly dividend to $1.09 per share, representing a $4.36 annualized payout and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $216.

Farther Finance Advisors LLC boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 262.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,943 shares of the business services provider's stock after acquiring an additional 20,223 shares during the period. Farther Finance Advisors LLC's holdings in Broadridge Financial Solutions were worth $4,502,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BR. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth $25,000. Security National Bank of SO Dak acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $26,000. Markowski Investments acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $27,000. Bell Investment Advisors Inc acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $29,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.1%

Shares of BR stock opened at $165.26 on Monday. The company has a market capitalization of $18.66 billion, a P/E ratio of 17.18 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $236.02. 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 50-day moving average price of $169.54 and a 200 day moving average price of $157.55.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued 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. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 45.32%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BR shares. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. UBS Group reissued a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada increased their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Finally, Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $216.00.

Insider Buying and Selling

In related news, VP Thomas Carey sold 2,501 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president directly owned 8,800 shares of the company's stock, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company's services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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