Callan Family Office LLC Purchases New Position in Broadridge Financial Solutions, Inc. $BR

Callan Family Office LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,765 shares of the business services provider's stock, valued at approximately $2,570,000.

Other hedge funds also recently bought and sold shares of the company. Paralel Advisors LLC acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $1,947,000. Allworth Financial LP acquired a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $365,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $7,372,000. Mystic Asset Management Inc. purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $225,000. Finally, PCM Encore LLC purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 2.0%

Shares of Broadridge Financial Solutions stock opened at $182.12 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The stock's 50 day simple moving average is $152.70 and its 200-day simple moving average is $160.54. The stock has a market cap of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $264.10.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.76 by $0.06. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio is presently 40.54%.

Analysts Set New Price Targets

Several brokerages recently commented on BR. Royal Bank Of Canada boosted their price target on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. DA Davidson reduced their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley raised their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $215.86.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider owned 1 shares of the company's stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

About Broadridge Financial Solutions

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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