Broadridge Financial Solutions, Inc. $BR Shares Bought by Empowered Funds LLC

Key Points

• Empowered Funds increased its Broadridge Financial Solutions stake by 29.9% in the first quarter, bringing its holdings to 48,430 shares valued at approximately $7.9 million. Institutional investors and hedge funds collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, with revenue up 7.5% year over year. The company also raised its quarterly dividend to $1.09, equivalent to a 2.6% yield.
• Analyst sentiment remains positive but mixed, with four Buy and four Hold ratings; the stock has a consensus “Moderate Buy” rating and an average price target of $213.71.

Empowered Funds LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,430 shares of the business services provider's stock after acquiring an additional 11,152 shares during the period. Empowered Funds LLC's holdings in Broadridge Financial Solutions were worth $7,869,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Broadridge Financial Solutions during the fourth quarter worth approximately $346,304,000. Van ECK Associates Corp boosted its holdings in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock valued at $329,239,000 after purchasing an additional 774,747 shares during the last quarter. Pinebridge Investments LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $126,553,000. JPMorgan Chase & Co. grew its stake in shares of Broadridge Financial Solutions by 52.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider's stock valued at $313,330,000 after buying an additional 485,297 shares during the period. Finally, Amundi grew its stake in shares of Broadridge Financial Solutions by 67.5% during the 1st quarter. Amundi now owns 1,059,021 shares of the business services provider's stock valued at $172,070,000 after buying an additional 426,587 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

BR opened at $170.82 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $265.37. The company has a 50 day moving average of $149.92 and a two-hundred day moving average of $161.51. The company has a market cap of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.6%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is currently 40.54%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company's stock, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on BR shares. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Royal Bank Of Canada lifted their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Morgan Stanley upped their price target on 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. Finally, UBS Group cut their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.71.

Broadridge Financial Solutions Company 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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