Broadridge Financial Solutions, Inc. $BR Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Broadridge Financial Solutions stake by 13.7% in the second quarter, acquiring 54,312 shares to own 451,333 shares valued at approximately $62.2 million. Institutional investors collectively hold about 90% of BR’s outstanding stock.
• Broadridge reported quarterly revenue of $2.22 billion and EPS of $3.82, exceeding analyst estimates, while revenue grew 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, or $4.36 annualized, representing a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $216.

Corient Private Wealth LP grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,333 shares of the business services provider's stock after acquiring an additional 54,312 shares during the quarter. Corient Private Wealth LP owned about 0.40% of Broadridge Financial Solutions worth $62,215,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Strs Ohio boosted its position in Broadridge Financial Solutions by 25.8% during the first quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock worth $7,927,000 after acquiring an additional 9,996 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at $4,211,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider's stock valued at $7,869,000 after acquiring an additional 11,152 shares during the last quarter. UNIVEST FINANCIAL Corp purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth $8,227,000. Finally, Western Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter worth $959,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.4%

Shares of BR opened at $167.64 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $19.11 billion, a P/E ratio of 17.43 and a beta of 0.90. The stock's fifty day simple moving average is $164.02 and its 200 day simple moving average is $160.28. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $255.74.

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

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio is presently 45.32%.

Analyst Ratings Changes

Several research firms have recently issued reports on BR. Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Morgan Stanley increased their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. UBS Group reissued a "neutral" rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $216.00.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc NYSE: BR is a global financial technology company that provides technology, communications and data solutions to financial services firms, public companies and other organizations. Its services support critical business processes across the financial markets, including investor communications, securities processing, capital markets operations and wealth management.

The company's offerings include proxy and regulatory communications, shareholder communications, trading and operations platforms, portfolio and order management tools, and technology for banks, broker-dealers, asset managers and wealth managers.

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