Credit Agricole S A Reduces Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Credit Agricole S A reduced its holdings in Broadridge Financial Solutions by 19.6%, owning approximately $19.21 million worth of the company's stock as of the latest SEC filing.
• Recent analyst upgrades for Broadridge include UBS Group raising its price target from $250 to $280, and Morgan Stanley increasing its target from $222 to $261, reflecting positive sentiment around the stock.
• Broadridge Financial Solutions announced a dividend increase, now paying $0.975 quarterly, with the company’s dividend yield at 1.5% and an annualized payout of $3.90.

Credit Agricole S A lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,207 shares of the business services provider's stock after selling 19,312 shares during the period. Credit Agricole S A owned about 0.07% of Broadridge Financial Solutions worth $19,205,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after purchasing an additional 438,381 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Broadridge Financial Solutions by 50.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after buying an additional 1,186,555 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Broadridge Financial Solutions by 2.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock valued at $409,662,000 after buying an additional 39,846 shares during the last quarter. Northern Trust Corp raised its position in Broadridge Financial Solutions by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock worth $362,825,000 after acquiring an additional 314,323 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Broadridge Financial Solutions by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider's stock worth $235,840,000 after acquiring an additional 138,207 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BR. Needham & Company LLC upped their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Price Performance

BR traded up $1.1680 during trading on Friday, hitting $261.9980. 651,183 shares of the company traded hands, compared to its average volume of 931,132. The company has a market cap of $30.69 billion, a PE ratio of 36.95 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a 1 year low of $206.95 and a 1 year high of $271.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock's 50-day simple moving average is $247.47 and its two-hundred day simple moving average is $240.57.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The firm's revenue 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. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Insider Activity at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total transaction of $864,392.48. Following the completion of the transaction, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,470 shares of company stock worth $39,026,774. Insiders own 1.30% of the company's stock.

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.