Broadridge Financial Solutions, Inc. $BR Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has reduced its stake in Broadridge Financial Solutions by 9.6%, selling 8,467 shares to hold approximately 79,933 shares worth about $19.38 million.
• Broadridge Financial Solutions reported a 6.2% increase in year-over-year revenue, along with earnings per share of $3.55, exceeding expectations.
• The company recently announced a quarterly dividend of $0.975, reflecting an increase from the previous dividend of $0.88 and a dividend yield of 1.5%.

Korea Investment CORP decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,933 shares of the business services provider's stock after selling 8,467 shares during the quarter. Korea Investment CORP owned about 0.07% of Broadridge Financial Solutions worth $19,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $34,000. Continuum Advisory LLC lifted its holdings in shares of 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 acquiring an additional 46 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR opened at $262.2960 on Thursday. The company has a 50-day moving average of $246.55 and a 200-day moving average of $240.27. The company has a market capitalization of $30.72 billion, a P/E ratio of 37.00 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share 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 the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Insider Activity 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 completion of the sale, the director owned 30,892 shares of the company's stock, valued at approximately $7,509,227.36. The trade was a 10.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the sale, the insider directly owned 21,167 shares of the company's stock, valued at $5,070,554.85. The trade was a 19.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,470 shares of company stock worth $39,026,774 over the last quarter. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BR. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC lifted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions 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.

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