Empowered Funds LLC Buys New Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Empowered Funds LLC acquired 59,157 shares of Broadridge Financial Solutions worth approximately $8.1 million, while institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $215.86 versus the stock’s reported price of $183.54.
• Broadridge exceeded quarterly expectations with $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend to $1.09 per share, producing a 2.4% annualized yield.

Empowered Funds LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 59,157 shares of the business services provider's stock, valued at approximately $8,102,000. Empowered Funds LLC owned 0.05% of Broadridge Financial Solutions at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BR. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $580,000. Woodline Partners LP raised its stake in shares of Broadridge Financial Solutions by 6.9% in the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider's stock valued at $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Broadridge Financial Solutions by 480.8% in the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider's stock valued at $616,000 after purchasing an additional 2,106 shares in the last quarter. Cerity Partners LLC lifted its position in Broadridge Financial Solutions by 8.5% in the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock worth $6,203,000 after purchasing an additional 2,004 shares during the period. Finally, Cary Street Partners Financial LLC lifted its position in Broadridge Financial Solutions by 33.5% in the second quarter. Cary Street Partners Financial LLC now owns 621 shares of the business services provider's stock worth $151,000 after purchasing an additional 156 shares during the period. 90.03% of the stock is owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider owned 1 shares in the company, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on BR. Morgan Stanley raised their price objective 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. DA Davidson cut their price target 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. UBS Group reaffirmed a "neutral" rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions has an average rating of "Moderate Buy" and an average target price of $215.86.

Broadridge Financial Solutions Stock Up 0.3%

Shares of BR opened at $183.54 on Friday. The company has a market capitalization of $20.93 billion, a P/E ratio of 19.08 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $258.70. The business's 50 day simple moving average is $157.05 and its 200-day simple moving average is $160.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business earned $3.55 earnings per share. The business'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. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend 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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