Canada Pension Plan Investment Board Boosts Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• The Canada Pension Plan Investment Board increased its stake in Broadridge Financial Solutions by 45.9%, owning approximately 179,468 shares valued at $43.5 million.
• Broadridge reported $3.55 EPS for the last quarter, exceeding the consensus estimate by $0.04, with year-over-year revenue growth of 6.2%.
• The company announced a quarterly dividend increase from $0.88 to $0.975, reflecting a payout ratio of 49.65% and an annualized yield of 1.5%.

Canada Pension Plan Investment Board boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 45.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,468 shares of the business services provider's stock after buying an additional 56,467 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of Broadridge Financial Solutions worth $43,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at about $217,000. CWA Asset Management Group LLC increased its position in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at about $29,000. Sequoia Financial Advisors LLC increased its position in shares of Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock valued at $279,000 after purchasing an additional 101 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Broadridge Financial Solutions by 12.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock valued at $159,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

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

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $2.74 during midday trading on Friday, reaching $249.28. 139,363 shares of the stock traded hands, compared to its average volume of 593,028. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $29.20 billion, a PE ratio of 35.18 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a one year low of $206.95 and a one year high of $271.91. The company's 50 day moving average is $250.37 and its 200 day moving average is $241.43.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $3.50 EPS. Broadridge Financial Solutions'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. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current 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 paid a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is a positive change 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 1.6%. Broadridge Financial Solutions's payout ratio is 49.65%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the sale, the president owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of the 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 completion of the sale, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. Insiders own 1.30% of the company's stock.

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.