HighTower Advisors LLC Has $28.99 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• HighTower Advisors LLC reduced its stake in Broadridge Financial Solutions by 1.8%, now holding approximately 0.10% of the company, valued at about $28.99 million.
• In insider trading, Director Maura A. Markus sold 3,556 shares, and insider Douglas Richard Deschutter sold 5,056 shares, contributing to total insider sales of 155,299 shares over the last ninety days.
• Broadridge Financial Solutions announced an increase in its quarterly dividend to $0.975 per share, reflecting a 10.8% rise from the previous quarterly dividend of $0.88.

HighTower Advisors LLC lowered its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,584 shares of the business services provider's stock after selling 2,158 shares during the period. HighTower Advisors LLC owned approximately 0.10% of Broadridge Financial Solutions worth $28,994,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the first quarter worth about $29,000. Whipplewood Advisors LLC lifted 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 worth $33,000 after acquiring an additional 131 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Broadridge Financial Solutions by 48.4% in 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 in the last quarter. Olde Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $36,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Activity at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 84,571 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total transaction of $864,392.48. Following the completion of the transaction, the director owned 30,892 shares of the company's stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 150,470 shares of company stock valued at $39,026,774. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR traded up $2.0050 during trading on Tuesday, reaching $262.0650. The stock had a trading volume of 103,978 shares, compared to its average volume of 586,658. The stock has a market capitalization of $30.70 billion, a PE ratio of 36.96 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 business's 50-day moving average price is $245.73 and its 200 day moving average price is $239.96. 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 for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business's revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is 55.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Morgan Stanley upped 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 lifted their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Needham & Company LLC raised their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.