Broadridge Financial Solutions, Inc. $BR Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Broadridge Financial Solutions by 101.8% in the first quarter, owning a total of 7,954 shares valued at approximately $1.93 million.
• Broadridge Financial Solutions reported a quarterly earnings of $3.55 per share, surpassing analysts' expectations, with a revenue rise of 6.2% year-over-year.
• The company announced a new quarterly dividend of $0.975, up from the previous $0.88, indicating a strong commitment to returning value to shareholders.

Vestmark Advisory Solutions Inc. grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 101.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,954 shares of the business services provider's stock after purchasing an additional 4,012 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Broadridge Financial Solutions were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the 1st quarter worth approximately $29,000. Whipplewood Advisors LLC boosted its position in Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after buying an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at $34,000. Continuum Advisory LLC boosted its position in Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after buying an additional 46 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after buying an additional 117 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BR has been the topic of several research analyst reports. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC boosted 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. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, Morgan Stanley boosted their price objective 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $261.50.

Insider Activity

In other news, insider Douglas Richard Deschutter sold 5,056 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total value of $1,211,164.80. Following the sale, the insider owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. This represents a 19.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the transaction, the chief executive officer directly owned 165,634 shares in the company, valued at $42,986,992.02. This represents a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,470 shares of company stock valued at $39,026,774. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $1.38 during trading hours on Thursday, hitting $260.48. 149,113 shares of the company were exchanged, compared to its average volume of 587,962. The firm has a fifty day simple moving average of $246.55 and a 200 day simple moving average of $240.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 52-week low of $206.95 and a 52-week high of $271.91. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 36.79 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm earned $3.50 EPS. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share 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. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio is currently 49.65%.

Broadridge Financial Solutions Company 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.