Corient Private Wealth LP Makes New $63 Million Investment in Broadridge Financial Solutions, Inc. $BR

Key Points

• Corient Private Wealth LP purchased 457,066 Broadridge shares worth approximately $63 million, giving it a 0.40% stake. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with Broadridge receiving a consensus “Moderate Buy” rating and an average price target of $215.86, despite mixed individual target revisions.
• Broadridge exceeded quarterly earnings and revenue expectations, while revenue rose 7.5% year over year. The company also raised its quarterly dividend to $1.09, equivalent to a 2.4% annualized yield.

Corient Private Wealth LP purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 457,066 shares of the business services provider's stock, valued at approximately $63,000,000. Corient Private Wealth LP owned about 0.40% of Broadridge Financial Solutions at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Reflection Asset Management bought a new position in Broadridge Financial Solutions during the fourth quarter worth about $25,000. Nemes Rush Group LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth approximately $33,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BR shares. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. UBS Group reiterated a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Royal Bank Of Canada increased their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $215.86.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were 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 $155. This represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $183.06 on Friday. 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 firm has a market cap of $20.87 billion, a price-to-earnings ratio of 19.03 and a beta of 0.87. The stock's fifty day moving average price is $156.12 and its two-hundred day moving average price is $160.16. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $258.70.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its 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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The company's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be issued a $1.09 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.4%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is presently 40.54%.

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.

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