Jump Financial LLC Grows Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Jump Financial LLC increased its stake in Broadridge Financial Solutions by an impressive 1,611.1% in the first quarter, acquiring a total of 34,565 shares valued at approximately $8.38 million.
• Several brokerages have raised their price targets for Broadridge Financial Solutions, with Needham & Company setting a new target of $305.00 and Morgan Stanley increasing theirs to $261.00.
• Broadridge recently declared a quarterly dividend of $0.975, marking an increase from its previous dividend and reflecting a yield of 1.5%.

Jump Financial LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1,611.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,565 shares of the business services provider's stock after buying an additional 32,545 shares during the period. Jump Financial LLC's holdings in Broadridge Financial Solutions were worth $8,381,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after acquiring an additional 438,381 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Broadridge Financial Solutions by 2.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock worth $409,662,000 after purchasing an additional 39,846 shares in the last quarter. Northern Trust Corp increased its stake in shares of Broadridge Financial Solutions by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock worth $362,825,000 after purchasing an additional 314,323 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Broadridge Financial Solutions by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider's stock valued at $283,278,000 after acquiring an additional 38,527 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Broadridge Financial Solutions by 15.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider's stock worth $235,840,000 after acquiring an additional 138,207 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. The trade was a 10.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,088 shares of company stock worth $39,281,601 in the last three months. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE BR traded up $0.41 on Tuesday, reaching $257.10. The company had a trading volume of 1,292,383 shares, compared to its average volume of 801,294. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $30.11 billion, a PE ratio of 36.26 and a beta of 0.94. The firm's 50 day moving average price is $248.19 and its 200 day moving average price is $240.80. Broadridge Financial Solutions, Inc. has a 12 month low of $206.95 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm posted $3.50 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. Broadridge Financial Solutions's payout ratio is presently 49.65%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BR. Royal Bank Of Canada reissued 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 increased their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. UBS Group upped their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Company 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.