Broadridge Financial Solutions, Inc. $BR Shares Sold by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. cut its Broadridge Financial Solutions stake by 11.8% in the second quarter, selling 20,040 shares and retaining 149,110 shares valued at approximately $20.4 million. Institutional investors collectively own 90.03% of the company.
• Analyst sentiment remains favorable, with four Buy and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $215.86.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while revenue grew 7.5% year over year. The company also raised its quarterly dividend to $1.09, equivalent to a 2.4% annual yield.

Benjamin Edwards Inc. reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,110 shares of the business services provider's stock after selling 20,040 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.13% of Broadridge Financial Solutions worth $20,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Reflection Asset Management acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter valued at $27,000. Prosperity Bancshares Inc acquired a new stake in Broadridge Financial Solutions during the 4th quarter valued at $28,000. Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions during the second quarter worth $29,000. Finally, Jones Financial Companies Lllp purchased a new position in Broadridge Financial Solutions during the second quarter worth $33,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Royal Bank Of Canada boosted their target price on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. UBS Group restated a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, DA Davidson decreased their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on 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 owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Stock Up 0.3%

Shares of NYSE:BR opened at $183.54 on Friday. The stock's 50-day moving average price is $157.05 and its two-hundred day moving average price is $160.32. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $258.70. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 19.08 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data 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. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $3.55 EPS. The company'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, research analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a $1.09 dividend. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. Broadridge Financial Solutions's dividend payout ratio is 45.32%.

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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