Confluence Investment Management LLC Has $145.22 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Confluence Investment Management LLC holds $145.22 million in Broadridge Financial Solutions, representing 2.1% of their portfolio, after selling 12,195 shares in Q2.
• Broadridge Financial Solutions reported $3.55 earnings per share (EPS) for the last quarter, beating analysts' estimates and showing a 6.2% increase in revenue year-over-year.
• The company increased its quarterly dividend to $0.975, up from $0.88, with a current dividend yield of 1.5% and a payout ratio of 55.01%.

Confluence Investment Management LLC trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 597,545 shares of the business services provider's stock after selling 12,195 shares during the quarter. Broadridge Financial Solutions comprises 2.1% of Confluence Investment Management LLC's holdings, making the stock its 10th biggest position. Confluence Investment Management LLC owned about 0.51% of Broadridge Financial Solutions worth $145,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BR. GAMMA Investing LLC increased its stake in shares of Broadridge Financial Solutions by 31,011.4% during the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock valued at $240,027,000 after acquiring an additional 986,782 shares during the period. Jones Financial Companies Lllp increased its position in shares of Broadridge Financial Solutions by 28,222.6% during the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider's stock valued at $230,254,000 after purchasing an additional 946,304 shares during the period. Ameriprise Financial Inc. increased its position in shares of Broadridge Financial Solutions by 577.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock valued at $251,513,000 after purchasing an additional 883,125 shares during the period. Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after buying an additional 438,381 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at $91,445,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

BR stock opened at $252.01 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $207.21 and a one year high of $271.91. The firm has a 50-day moving average of $251.65 and a two-hundred day moving average of $242.06. The firm has a market capitalization of $29.52 billion, a PE ratio of 35.54 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, analysts forecast 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. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio is currently 55.01%.

Analysts Set New Price Targets

BR has been the topic of a number of research analyst reports. UBS Group lifted their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley raised 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 research report on Wednesday, August 6th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Needham & Company LLC increased their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $261.50.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction dated 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 directly owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is currently owned by insiders.

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.

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