CW Advisors LLC Has $19.97 Million Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• CW Advisors LLC has increased its holdings in Broadridge Financial Solutions by 6.8%, acquiring an additional 5,228 shares, bringing their total to 82,470 shares, valued at approximately $19.97 million.
• CEO Timothy C. Gokey sold 11,000 shares at an average price of $259.29, reducing their ownership by 6.64%, while institutional investors own about 90.03% of the company's stock.
• Broadridge has declared a quarterly dividend of $0.975 per share, an increase from its previous dividend of $0.88, reflecting positive growth in investor returns.

CW Advisors LLC lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,470 shares of the business services provider's stock after buying an additional 5,228 shares during the quarter. CW Advisors LLC owned about 0.07% of Broadridge Financial Solutions worth $19,974,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Broadridge Financial Solutions by 50.0% in the 4th 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 acquiring an additional 1,186,555 shares during the period. GAMMA Investing LLC lifted its stake in Broadridge Financial Solutions by 31,011.4% in the 1st quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock valued at $240,027,000 after purchasing an additional 986,782 shares during the last quarter. Vanguard Group Inc. grew its holdings in Broadridge Financial Solutions by 3.1% during the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after purchasing an additional 438,381 shares during the period. Nuveen LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth approximately $91,445,000. Finally, Northern Trust Corp increased its position in Broadridge Financial Solutions by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock worth $362,825,000 after buying an additional 314,323 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BR. Morgan Stanley raised their price objective on 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. Needham & Company LLC raised their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. UBS Group lifted their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock traded up $1.1680 during trading on Friday, reaching $261.9980. The company's stock had a trading volume of 651,183 shares, compared to its average volume of 931,132. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The business's 50-day moving average price is $247.47 and its 200-day moving average price is $240.57. Broadridge Financial Solutions, Inc. has a 52 week low of $206.95 and a 52 week high of $271.91. The firm has a market cap of $30.69 billion, a PE ratio of 36.95 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The business'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. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

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

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the completion of the transaction, the insider directly owned 21,167 shares of the company's stock, valued at $5,070,554.85. The trade was a 19.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director directly owned 30,892 shares in the company, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 150,470 shares of company stock worth $39,026,774 in the last quarter. Insiders own 1.30% of the company's stock.

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.