Erste Asset Management GmbH Buys Shares of 16,575 Broadridge Financial Solutions, Inc. $BR

Key Points

• Erste Asset Management GmbH acquired a new stake in Broadridge Financial Solutions, Inc. by purchasing 16,575 shares for approximately $3,962,000 during the first quarter.
• CEO Timothy C. Gokey sold 11,000 shares of Broadridge stock for over $2.85 million, resulting in a 6.64% decrease in his position.
• Broadridge recently raised its quarterly dividend to $0.975 per share, reflecting a yield of 1.5%, and set an FY 2026 EPS guidance of 9.230-9.580.

Erste Asset Management GmbH bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,575 shares of the business services provider's stock, valued at approximately $3,962,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its stake in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after purchasing an additional 46 shares during the period. Norden Group LLC increased its holdings in shares of Broadridge Financial Solutions by 2.6% during the 1st quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock worth $449,000 after buying an additional 47 shares during the last quarter. Crew Capital Management Ltd. increased its holdings in shares of Broadridge Financial Solutions by 2.4% during the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock worth $490,000 after buying an additional 48 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 1.8% during the 1st quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider's stock worth $686,000 after buying an additional 49 shares during the last quarter. Finally, BSW Wealth Partners increased its holdings in shares of Broadridge Financial Solutions by 3.2% during the 1st quarter. BSW Wealth Partners now owns 1,686 shares of the business services provider's stock worth $409,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 11,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $259.29, for a total value of $2,852,190.00. Following the completion of the transaction, the chief executive officer owned 154,634 shares of the company's stock, valued at approximately $40,095,049.86. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the transaction, the president directly owned 48,813 shares of the company's stock, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

NYSE BR traded up $1.1680 during trading hours on Friday, reaching $261.9980. The company's stock had a trading volume of 651,183 shares, compared to its average volume of 872,904. 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 business has a 50-day simple moving average of $247.47 and a 200 day simple moving average of $240.58. Broadridge Financial Solutions, Inc. has a 52 week low of $206.95 and a 52 week high of $271.91. The stock 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 earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on BR. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Morgan Stanley increased their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC increased 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $261.50.

About Broadridge Financial Solutions

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.