Hsbc Holdings PLC Raises Stock Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Hsbc Holdings PLC increased its stake in Broadridge Financial Solutions by 1.6%, owning 339,319 shares worth approximately $82 million after acquiring an additional 5,240 shares.
• Broadridge Financial Solutions is set to pay a quarterly dividend of $0.975, reflecting an increase from the previous dividend of $0.88 and representing an annual yield of 1.5%.
• Equities analysts have generally given Broadridge Financial Solutions a consensus "Hold" rating, with price targets ranging from $261 to $305 after positive earnings reports and growth forecasts.

Hsbc Holdings PLC grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 339,319 shares of the business services provider's stock after buying an additional 5,240 shares during the period. Hsbc Holdings PLC owned approximately 0.29% of Broadridge Financial Solutions worth $82,083,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 3.1% in the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after acquiring an additional 438,381 shares during the period. Price T Rowe Associates Inc. MD grew its position in Broadridge Financial Solutions by 50.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock valued at $804,952,000 after buying an additional 1,186,555 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Broadridge Financial Solutions by 2.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock valued at $409,662,000 after buying an additional 39,846 shares during the period. Northern Trust Corp grew its position in Broadridge Financial Solutions by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after buying an additional 314,323 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Broadridge Financial Solutions by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider's stock valued at $235,840,000 after buying an additional 138,207 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the transaction, the insider directly owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. This trade represents a 19.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 11,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $259.29, for a total transaction of $2,852,190.00. Following the transaction, the chief executive officer directly owned 154,634 shares of the company's stock, valued at approximately $40,095,049.86. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,470 shares of company stock valued at $39,026,774 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded up $1.1680 during mid-day trading on Friday, reaching $261.9980. 651,183 shares of the company's stock traded hands, compared to its average volume of 931,132. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 36.95 and a beta of 0.94. The stock has a 50 day moving average of $247.47 and a two-hundred day moving average of $240.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 12-month low of $206.95 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.65%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BR. Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC upped their price target on shares of 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $261.50.

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.