Dimensional Fund Advisors LP Purchases 18,388 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Dimensional Fund Advisors LP increased its holdings in Broadridge Financial Solutions by 1.9%, owning 990,168 shares worth approximately $240 million as of the latest quarter.
• Broadridge recently announced a higher quarterly dividend of $0.975 per share, up from the previous $0.88, with a dividend yield of 1.5%.
• Analysts have updated their ratings on Broadridge, with two issuing a "buy" rating and an average price target set at $261.50.

Dimensional Fund Advisors LP raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 990,168 shares of the business services provider's stock after acquiring an additional 18,388 shares during the period. Dimensional Fund Advisors LP owned approximately 0.84% of Broadridge Financial Solutions worth $240,037,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BR. Brighton Jones LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $580,000. Mariner LLC lifted its stake in shares of Broadridge Financial Solutions by 16.9% in the fourth quarter. Mariner LLC now owns 29,271 shares of the business services provider's stock valued at $6,618,000 after buying an additional 4,238 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Broadridge Financial Solutions by 26.5% in the fourth quarter. CreativeOne Wealth LLC now owns 1,958 shares of the business services provider's stock valued at $443,000 after buying an additional 410 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Broadridge Financial Solutions by 16.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider's stock valued at $428,000 after buying an additional 270 shares during the period. Finally, NewEdge Advisors LLC raised its position in Broadridge Financial Solutions by 5.3% in the fourth quarter. NewEdge Advisors LLC now owns 18,899 shares of the business services provider's stock worth $4,273,000 after purchasing an additional 956 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent research reports. UBS Group increased their price target 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 target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Needham & Company LLC increased their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley increased their price target on shares of 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. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $261.50.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the transaction, the insider directly owned 21,167 shares in the company, valued at approximately $5,070,554.85. The trade was a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,470 shares of company stock worth $39,026,774. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $1.1680 during midday trading on Friday, reaching $261.9980. The company had a trading volume of 651,183 shares, compared to its average volume of 931,132. 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 company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 36.95 and a beta of 0.94. The stock has a fifty day simple moving average of $247.47 and a 200 day simple moving average of $240.57. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research 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 issued a $0.975 dividend. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.65%.

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.