Broadridge Financial Solutions, Inc. $BR Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Broadridge Financial Solutions by 4.7% in Q1, holding 28,942 shares valued at $7.02 million.
• Broadridge Financial Solutions announced a quarterly dividend of $0.975 per share, up from $0.88, with an anticipated annual yield of 1.5%.
• Analysts have raised their price targets for Broadridge Financial Solutions, with recent estimates ranging from $261 to $305, reflecting positive forecasts for the company's growth.

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,942 shares of the business services provider's stock after acquiring an additional 1,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Broadridge Financial Solutions were worth $7,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BR. Price T Rowe Associates Inc. MD lifted its stake in shares of Broadridge Financial Solutions by 50.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after purchasing an additional 1,186,555 shares during the period. GAMMA Investing LLC lifted its stake in shares of Broadridge Financial Solutions by 31,011.4% in the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock valued at $240,027,000 after purchasing an additional 986,782 shares during the period. Vanguard Group Inc. lifted its stake in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after purchasing an additional 438,381 shares during the period. Nuveen LLC acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $91,445,000. Finally, Northern Trust Corp lifted its stake in shares of Broadridge Financial Solutions by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after purchasing an additional 314,323 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on BR. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Needham & Company LLC raised their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two 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 has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Trading Down 0.5%

Shares of NYSE BR traded down $1.3810 during midday trading on Thursday, reaching $260.4790. 149,113 shares of the stock were exchanged, compared to its average volume of 587,962. The company has a market capitalization of $30.51 billion, a P/E ratio of 36.79 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a 52-week low of $206.95 and a 52-week high of $271.91. 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 stock has a 50 day moving average price of $246.55 and a 200-day moving average price of $240.27.

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 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous 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 expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business 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 $0.975 dividend. 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 presently 49.65%.

Insider Activity at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the sale, the director directly owned 30,892 shares in the company, valued at approximately $7,509,227.36. The trade was a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy C. Gokey sold 11,000 shares of the business'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 transaction of $2,852,190.00. Following the completion of the sale, the chief executive officer owned 154,634 shares of the company's stock, valued at approximately $40,095,049.86. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,470 shares of company stock valued at $39,026,774 in the last ninety days. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions 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.