Broadridge Financial Solutions, Inc. $BR Shares Sold by Guardian Wealth Advisors LLC NC

Key Points

• Guardian Wealth Advisors LLC NC cut its Broadridge Financial Solutions stake by 63.9% in the second quarter, selling 9,455 shares and retaining 5,342 shares valued at approximately $734,000.
• Institutional ownership remains high at 90.03%, with major investors including BlackRock, Jupiter Topco, Norges Bank and Manufacturers Life Insurance acquiring positions or increasing holdings.
• Broadridge exceeded quarterly earnings and revenue expectations, while analysts maintained a “Moderate Buy” consensus with a $216 average price target. The company also raised its quarterly dividend to $1.09 per share, representing a 2.5% annualized yield.

Guardian Wealth Advisors LLC NC lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 63.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,342 shares of the business services provider's stock after selling 9,455 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Broadridge Financial Solutions were worth $734,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $1,473,918,000. Jupiter Topco LLC acquired a new position in Broadridge Financial Solutions during the 2nd quarter worth approximately $261,852,000. Norges Bank purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $346,304,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at $197,921,000. Finally, Van ECK Associates Corp lifted its position in shares of Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock worth $329,239,000 after purchasing an additional 774,747 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $173.01 on Tuesday. The stock has a market cap of $19.73 billion, a P/E ratio of 17.98 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $255.74. The stock has a 50 day moving average of $161.89 and a two-hundred day moving average of $160.42. 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 (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $3.55 earnings per share. 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 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's 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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