Freestone Grove Partners LP Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Key Points

• Freestone Grove Partners initiated a position in Broadridge Financial Solutions, purchasing 19,988 shares valued at approximately $2.74 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $215.86; ratings include four Buys and four Holds.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while raising its quarterly dividend to $1.09 per share, a 12.4% increase.

Freestone Grove Partners LP purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,988 shares of the business services provider's stock, valued at approximately $2,737,000.

Other hedge funds have also recently modified their holdings of the company. Reflection Asset Management purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth $25,000. Nemes Rush Group LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in Broadridge Financial Solutions during the fourth quarter valued at $28,000. Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions during the second quarter valued at $29,000. Finally, Jones Financial Companies Lllp bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $33,000. Institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target 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. 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, August 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. DA Davidson decreased their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, May 5th. Finally, Needham & Company LLC lowered their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $215.86.

Broadridge Financial Solutions Trading Up 0.3%

Shares of BR stock opened at $183.54 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $258.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $20.93 billion, a PE ratio of 19.08 and a beta of 0.87. The stock has a fifty day simple moving average of $157.05 and a two-hundred day simple moving average of $160.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the firm earned $3.55 earnings per share. The business's quarterly revenue 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. On average, 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. Investors of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This is a boost 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 yield of 2.4%. Broadridge Financial Solutions's dividend payout ratio is 40.54%.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company's stock, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

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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