Commerzbank Aktiengesellschaft FI Buys New Shares in Broadridge Financial Solutions, Inc. $BR

Key Points

• Commerzbank Aktiengesellschaft FI initiated a position in Broadridge Financial Solutions, buying 7,255 shares valued at approximately $994,000. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, with revenue up 7.5% year over year. The company also raised its quarterly dividend to $1.09 per share, a 12.4% increase.
• Analyst sentiment remains moderately positive, with four Buy and four Hold ratings and an average price target of $215.86, versus the stock’s reported price of $170.12.

Commerzbank Aktiengesellschaft FI purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,255 shares of the business services provider's stock, valued at approximately $994,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $580,000. Empowered Funds LLC increased its holdings in shares of Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider's stock worth $959,000 after buying an additional 1,160 shares during the period. Woodline Partners LP lifted its stake in shares of Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock valued at $2,397,000 after acquiring an additional 635 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Broadridge Financial Solutions by 8.5% during the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock valued at $6,203,000 after acquiring an additional 2,004 shares during the period. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was 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 $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Up 1.4%

NYSE BR opened at $170.12 on Wednesday. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $265.37. The stock has a market capitalization of $19.40 billion, a PE ratio of 17.68 and a beta of 0.87. 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 business's 50-day moving average is $150.70 and its 200 day moving average is $160.66.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company posted $3.55 EPS. Broadridge Financial Solutions's quarterly revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 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 Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio is currently 40.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. UBS Group reaffirmed a "neutral" rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday. Finally, Needham & Company LLC lowered their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $215.86.

Broadridge Financial Solutions Profile

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.

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report).

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