Deutsche Bank AG Purchases Shares of 617,350 Broadridge Financial Solutions, Inc. $BR

Key Points

• Deutsche Bank initiated a sizable position in Broadridge Financial Solutions, buying 617,350 shares valued at approximately $84.5 million, or about 0.54% of the company. Institutional investors collectively own 90.03% of Broadridge’s stock.
• Analysts maintain a generally favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $215.86. Broadridge also exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, up 7.5% year over year.
• Broadridge increased its quarterly dividend to $1.09 per share, equivalent to $4.36 annually and a 2.5% yield. Shares opened at $177.94, while the company’s 52-week range is $133.83 to $264.10.

Deutsche Bank AG bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 617,350 shares of the business services provider's stock, valued at approximately $84,546,000. Deutsche Bank AG owned approximately 0.54% of Broadridge Financial Solutions as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider's stock valued at $1,343,572,000 after buying an additional 375,699 shares during the period. Geode Capital Management LLC raised its position in Broadridge Financial Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider's stock valued at $746,062,000 after purchasing an additional 12,524 shares in the last quarter. Barclays PLC lifted its holdings in shares of Broadridge Financial Solutions by 1.8% in the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider's stock worth $448,118,000 after buying an additional 35,169 shares during the period. Northern Trust Corp lifted its holdings in shares of Broadridge Financial Solutions by 6.6% in the 3rd quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider's stock worth $407,705,000 after buying an additional 105,696 shares during the period. Finally, Norges Bank bought a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $346,304,000. Institutional investors own 90.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson lowered their price objective 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. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Finally, UBS Group reiterated a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and an average target price of $215.86.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Trading Up 1.1%

Shares of NYSE:BR opened at $177.94 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 50-day moving average price of $151.96 and a 200-day moving average price of $160.39. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $264.10. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 18.50 and a beta of 0.87.

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 (EPS) for the quarter, beating 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 net margin of 15.04% and a return on equity of 40.25%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. Broadridge Financial Solutions's payout ratio is presently 45.32%.

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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