SVB Wealth LLC Has $13.18 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• SVB Wealth LLC has reduced its holdings in Broadridge Financial Solutions by 29.7%, now owning 54,362 shares valued at approximately $13.18 million.
• Broadridge reported earnings of $3.55 per share for the most recent quarter, exceeding estimates and reflecting a 6.2% year-over-year revenue increase to $2.07 billion.
• The company has declared an increased quarterly dividend of $0.975 per share, leading to an annualized dividend of $3.90 and a yield of 1.5%.

SVB Wealth LLC reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 29.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,362 shares of the business services provider's stock after selling 23,015 shares during the period. Broadridge Financial Solutions comprises 0.5% of SVB Wealth LLC's portfolio, making the stock its 28th largest position. SVB Wealth LLC's holdings in Broadridge Financial Solutions were worth $13,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BR. Brighton Jones LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter worth $580,000. Guggenheim Capital LLC lifted its stake in shares of Broadridge Financial Solutions by 16.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider's stock worth $428,000 after acquiring an additional 270 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Broadridge Financial Solutions by 38.0% in the fourth quarter. GeoWealth Management LLC now owns 410 shares of the business services provider's stock valued at $93,000 after purchasing an additional 113 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Broadridge Financial Solutions by 351.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,445 shares of the business services provider's stock valued at $327,000 after purchasing an additional 1,125 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in Broadridge Financial Solutions by 62.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 24,574 shares of the business services provider's stock worth $5,556,000 after acquiring an additional 9,404 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadridge Financial Solutions

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley increased 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 report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC lifted their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" 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, Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. 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.com, the company has a consensus rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Price Performance

BR traded up $0.41 during trading on Tuesday, reaching $257.10. The stock had a trading volume of 1,292,383 shares, compared to its average volume of 801,294. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 30.02 and a beta of 0.94. The stock has a 50 day moving average of $247.82 and a two-hundred day moving average of $240.69. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The company's 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 anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date 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%.

About Broadridge Financial Solutions

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.