Northwestern Mutual Wealth Management Co. Acquires 21,152 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in Broadridge Financial Solutions by 456.9% to own 25,781 shares, valued at $6.25 million.
• Broadridge's recent earnings report showed an EPS of $3.55, surpassing expectations, and revenue increased by 6.2% year-over-year.
• The company announced a quarterly dividend increase to $0.975, indicating a 1.5% yield and a boost from the previous dividend of $0.88.

Northwestern Mutual Wealth Management Co. lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 456.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,781 shares of the business services provider's stock after acquiring an additional 21,152 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Broadridge Financial Solutions were worth $6,251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the first quarter worth $29,000. Whipplewood Advisors LLC boosted its stake in Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after purchasing an additional 131 shares during the period. Continuum Advisory LLC grew its holdings in Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after buying an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after buying an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.4%

NYSE BR traded down $1.12 during trading on Monday, hitting $255.95. The company had a trading volume of 817,491 shares, compared to its average volume of 789,682. The company's fifty day moving average is $249.38 and its 200-day moving average is $241.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 36.10 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a one year low of $206.95 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly 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 company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.5%. Broadridge Financial Solutions's payout ratio is 49.65%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions 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 transaction, the chief executive officer directly owned 143,285 shares of the company's stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the president directly owned 48,813 shares in the company, 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 sold 151,088 shares of company stock valued at $39,281,601. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently 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.