Demars Financial Group LLC Purchases New Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Demars Financial Group acquired 8,721 shares of Broadridge Financial Solutions in the third quarter, valued at approximately $1.4 million. Institutional investors and hedge funds own 90.03% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $216.00; targets from individual firms range from $176 to $226.
• Broadridge exceeded quarterly earnings and revenue expectations, with EPS of $3.82 and revenue of $2.22 billion, while revenue increased 7.5% year over year. The company also raised its quarterly dividend to $1.09 per share, representing a 2.3% annualized yield.

Demars Financial Group LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,721 shares of the business services provider's stock, valued at approximately $1,405,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider's stock valued at $2,050,000 after buying an additional 10,266 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions in the first quarter worth about $959,000. Strs Ohio lifted its stake in shares of Broadridge Financial Solutions by 25.8% in the first quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock worth $7,927,000 after buying an additional 9,996 shares in the last quarter. Andra AP fonden lifted its stake in shares of Broadridge Financial Solutions by 96.5% in the second quarter. Andra AP fonden now owns 170,757 shares of the business services provider's stock worth $23,385,000 after buying an additional 83,857 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth about $4,211,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BR has been the subject of several research reports. UBS Group reaffirmed a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Finally, Weiss Ratings upgraded Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.00.

Broadridge Financial Solutions Stock Up 4.5%

Shares of NYSE:BR opened at $186.26 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $170.84 and a two-hundred day moving average of $158.40. The stock has a market cap of $21.03 billion, a P/E ratio of 19.36 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $236.02.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.17 billion. During the same period last year, the company earned $3.55 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were given a dividend of $1.09 per share. The ex-dividend date was Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a yield of 2.3%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 45.32%.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the sale, the vice president directly owned 8,800 shares in the company, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company's stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc NYSE: BR is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company's offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.

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