Broadridge Financial Solutions, Inc. $BR Stock: Krilogy Financial LLC Raises Stake

Key Points

• Krilogy Financial dramatically increased its Broadridge stake by 807% in the third quarter, bringing its holdings to 15,456 shares valued at approximately $2.49 million. Institutional investors collectively own 90.03% of BR.
• Analysts maintain a generally favorable outlook, with Broadridge receiving a consensus “Moderate Buy” rating and an average price target of $216, despite some neutral ratings.
• Broadridge exceeded quarterly earnings and revenue expectations, while raising its quarterly dividend to $1.09 per share, equivalent to a 2.6% annual yield and a 45.32% payout ratio.

Krilogy Financial LLC increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 807.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,456 shares of the business services provider's stock after acquiring an additional 13,752 shares during the quarter. Krilogy Financial LLC's holdings in Broadridge Financial Solutions were worth $2,490,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Financial Planning Hawaii Inc. lifted its holdings in Broadridge Financial Solutions by 28.9% during the 3rd quarter. Financial Planning Hawaii Inc. now owns 3,126 shares of the business services provider's stock valued at $504,000 after purchasing an additional 700 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in Broadridge Financial Solutions by 547.4% during the third quarter. Sax Wealth Advisors LLC now owns 9,355 shares of the business services provider's stock worth $1,507,000 after purchasing an additional 7,910 shares during the period. Fragasso Financial Advisors Inc boosted its position in Broadridge Financial Solutions by 14.2% during the third quarter. Fragasso Financial Advisors Inc now owns 1,836 shares of the business services provider's stock worth $304,000 after purchasing an additional 228 shares during the period. NorthCrest Asset Manangement LLC bought a new position in Broadridge Financial Solutions during the third quarter worth $2,474,000. Finally, Tilia Fiduciary Partners Inc. increased its holdings in shares of Broadridge Financial Solutions by 8.7% in the third quarter. Tilia Fiduciary Partners Inc. now owns 15,089 shares of the business services provider's stock valued at $2,431,000 after purchasing an additional 1,205 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BR. Morgan Stanley increased their price objective on shares of 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 upgraded shares of Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. UBS Group reaffirmed a "neutral" rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Royal Bank Of Canada lifted their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.00.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $168.15 on Thursday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $236.02. The stock's 50 day moving average is $169.80 and its 200-day moving average is $157.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 17.48 and a beta of 0.92.

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 for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were issued a $1.09 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. Broadridge Financial Solutions's payout ratio is currently 45.32%.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company's services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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