Groupe la Francaise Purchases 2,485 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Groupe la Francaise increased its stake in Broadridge Financial Solutions by 14.7%, purchasing an additional 2,485 shares, bringing their total ownership to 19,341 shares valued at approximately $4,620,000.
• Analysts have upgraded their price targets for Broadridge Financial Solutions, with predictions ranging from $250 to $305, while the stock currently holds a consensus rating of "Hold".
• Broadridge Financial Solutions has recently announced a quarterly dividend of $0.975 per share, reflecting a positive increase from the previous dividend of $0.88.

Groupe la Francaise grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 14.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,341 shares of the business services provider's stock after buying an additional 2,485 shares during the period. Groupe la Francaise's holdings in Broadridge Financial Solutions were worth $4,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BR. Brighton Jones LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $580,000. Guggenheim Capital LLC grew its holdings in shares of Broadridge Financial Solutions by 16.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider's stock valued at $428,000 after buying an additional 270 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Broadridge Financial Solutions by 351.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,445 shares of the business services provider's stock valued at $327,000 after buying an additional 1,125 shares during the period. State of Tennessee Department of Treasury grew its holdings in shares of Broadridge Financial Solutions by 62.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,574 shares of the business services provider's stock valued at $5,556,000 after buying an additional 9,404 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Broadridge Financial Solutions by 34.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 87,700 shares of the business services provider's stock valued at $19,828,000 after buying an additional 22,700 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.2%

NYSE:BR traded up $0.41 on Tuesday, hitting $257.10. 1,292,383 shares of the company's stock were exchanged, compared to its average volume of 801,294. The firm has a 50-day moving average price of $248.19 and a 200-day moving average price of $240.80. 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, Inc. has a 52 week low of $206.95 and a 52 week high of $271.91. The company has a market cap of $30.11 billion, a P/E ratio of 36.26 and a beta of 0.94.

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 the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC boosted their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted 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 report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Finally, UBS Group boosted 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 report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $261.50.

Insiders Place Their Bets

In other news, 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 directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 151,088 shares of company stock valued at $39,281,601 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.