Commerce Bank Makes New $3.87 Million Investment in Broadridge Financial Solutions, Inc. $BR

Key Points

• Commerce Bank acquired 28,242 shares of Broadridge Financial Solutions in the second quarter, valued at approximately $3.87 million. Institutional investors and hedge funds collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in earnings per share and $2.22 billion in revenue, with revenue rising 7.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215.86.
• The company increased its quarterly dividend from $0.97 to $1.09 per share, equivalent to an annualized dividend of $4.36 and a 2.3% yield.

Commerce Bank acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,242 shares of the business services provider's stock, valued at approximately $3,868,000.

Several other institutional investors also recently bought and sold shares of BR. Great Valley Advisor Group Inc. raised its stake in shares of Broadridge Financial Solutions by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock worth $242,000 after buying an additional 50 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Broadridge Financial Solutions by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock valued at $383,000 after acquiring an additional 61 shares during the period. Bontempo Ohly Capital Mgmt LLC grew its stake in Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider's stock valued at $4,217,000 after acquiring an additional 62 shares during the period. Appleton Partners Inc. MA increased its holdings in Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider's stock worth $1,972,000 after acquiring an additional 65 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Broadridge Financial Solutions by 0.5% in the 4th quarter. Advisory Services Network LLC now owns 14,580 shares of the business services provider's stock worth $3,254,000 after acquiring an additional 70 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BR shares. UBS Group reaffirmed a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. 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 data from MarketBeat, Broadridge Financial Solutions has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $185.61 on Tuesday. The firm has a 50-day simple moving average of $153.56 and a 200-day simple moving average of $160.27. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.29 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $263.00.

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 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions's payout ratio is 40.54%.

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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