Groupama Asset Managment Acquires Shares of 2,066 Broadridge Financial Solutions, Inc. $BR

Key Points

• Groupama Asset Management invested approximately $491,000 in Broadridge Financial Solutions, acquiring 2,066 shares in the first quarter.
• Broadridge Financial Solutions recently reported earnings of $3.55 per share for the last quarter, surpassing analyst estimates and demonstrating a year-over-year revenue increase of 6.2%.
• The company announced a quarterly dividend increase to $0.975 per share, up from $0.88, representing a 1.5% yield with a payout ratio of 49.65%.

Groupama Asset Managment purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,066 shares of the business services provider's stock, valued at approximately $491,000.

A number of other institutional investors have also recently added to or reduced their stakes in BR. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the first quarter valued at about $29,000. Whipplewood Advisors LLC grew its position in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after acquiring an additional 131 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in Broadridge Financial Solutions during the fourth quarter valued at about $34,000. Continuum Advisory LLC grew its position in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after acquiring an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Broadridge Financial Solutions by 450.0% during the first 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. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the company'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 sale, the president owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Maura A. Markus sold 3,556 shares of the company'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 sale, the director owned 30,892 shares in the company, valued at $7,509,227.36. The trade was a 10.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,470 shares of company stock worth $39,026,774. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Wall Street Zen upgraded 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 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Two equities 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, the company currently has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Stock Up 0.4%

Shares of NYSE:BR traded up $1.1680 during trading on Friday, hitting $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 debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a fifty-two week low of $206.95 and a fifty-two week high of $271.91. The stock's 50-day moving average price is $247.47 and its two-hundred day moving average price is $240.58. The company has a market capitalization 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 released its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company's revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

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

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.