Goldman Sachs Group Inc. Sells 112,136 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Goldman Sachs reduced its stake in Broadridge Financial Solutions, selling 112,136 shares and now owns 726,591 shares, representing a 13.4% decrease in holdings.
• The company's CEO sold 5,674 shares for approximately $1.47 million, reducing his ownership by 3.81%, while insider sales totaled 147,532 shares worth over $38 million in the last ninety days.
• Broadridge plans to increase its quarterly dividend to $0.975 per share, compared to the previous $0.88, indicating a positive growth outlook for the company.

Goldman Sachs Group Inc. reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 726,591 shares of the business services provider's stock after selling 112,136 shares during the quarter. Goldman Sachs Group Inc. owned 0.62% of Broadridge Financial Solutions worth $176,169,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Continuum Advisory LLC grew its holdings 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 valued at $34,000 after purchasing an additional 46 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after purchasing an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $36,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the transaction, the chief executive officer directly owned 143,285 shares of the company's stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction dated 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 sale, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock worth $38,417,208 in the last ninety days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $250.14 on Thursday. The stock's 50 day moving average is $251.19 and its 200 day moving average is $241.82. Broadridge Financial Solutions, Inc. has a one year low of $207.21 and a one year high of $271.91. The firm has a market cap of $29.30 billion, a P/E ratio of 35.28 and a beta of 0.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.04. The firm 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%. The company's revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company 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 annualized dividend and a yield of 1.6%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 49.65%.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Needham & Company LLC upped their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions has an average rating of "Hold" and a consensus price target of $261.50.

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.

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