Candriam S.C.A. Decreases Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Candriam S.C.A. reduced its holdings in Broadridge Financial Solutions by 15.4%, selling 2,831 shares, and now owns 15,547 shares valued at approximately $3,770,000.
• Insider trading activity included significant stock sales by both Director Maura A. Markus and President Christopher John Perry, reducing their ownership stakes by 10.32% and 12.60%, respectively.
• Broadridge Financial Solutions has announced a dividend increase from $0.88 to $0.975 per share, with a yield of 1.5%, to be paid on October 2nd.

Candriam S.C.A. trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,547 shares of the business services provider's stock after selling 2,831 shares during the period. Candriam S.C.A.'s holdings in Broadridge Financial Solutions were worth $3,770,000 at the end of the most recent quarter.

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

Broadridge Financial Solutions Trading Up 0.2%

Shares of NYSE:BR traded up $0.41 during mid-day trading on Tuesday, reaching $257.10. 1,292,383 shares of the company's stock were exchanged, compared to its average volume of 595,038. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a twelve month low of $206.95 and a twelve month high of $271.91. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 36.26 and a beta of 0.94. The business's fifty day moving average price is $247.82 and its 200-day moving average price is $240.69.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping 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 company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions's revenue for the quarter 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. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's payout ratio is presently 49.65%.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were 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 of the company's stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $1,465,991.38. Following the sale, the chief executive officer owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,088 shares of company stock valued at $39,281,601 over the last 90 days. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

BR has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, 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 report on Wednesday, August 6th. Two research 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 stock presently has an average rating of "Hold" and a consensus target price of $261.50.

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.