Jones Financial Companies Lllp Buys 946,304 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Broadridge Financial Solutions, acquiring 946,304 shares, bringing its total ownership to 949,657 shares, valued at approximately $230.25 million.
• Broadridge Financial Solutions recently announced a dividend increase to $0.975 per share, representing a dividend yield of 1.6% and a payout ratio of 55.01%.
• The company's stock has a market capitalization of $29.38 billion, and its earnings report revealed a net margin growth of 12.19% year-over-year, with an EPS of $3.55 for the recent quarter.

Jones Financial Companies Lllp increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 28,222.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 949,657 shares of the business services provider's stock after acquiring an additional 946,304 shares during the quarter. Jones Financial Companies Lllp owned 0.81% of Broadridge Financial Solutions worth $230,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Broadridge Financial Solutions by 3.1% during the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after purchasing an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Broadridge Financial Solutions by 2.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock worth $409,662,000 after buying an additional 39,846 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Broadridge Financial Solutions by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider's stock valued at $283,278,000 after acquiring an additional 38,527 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Broadridge Financial Solutions by 15.3% in the 4th 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 last quarter. Finally, Ameriprise Financial Inc. increased its position in Broadridge Financial Solutions by 577.9% during the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock worth $251,513,000 after acquiring an additional 883,125 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BR. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Needham & Company LLC lifted 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 note on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $261.50.

Insider Activity

In other news, CEO Timothy C. Gokey sold 5,674 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares of the company's stock, valued at $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock valued at $38,417,208 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of BR traded down $2.23 on Wednesday, hitting $250.14. The company's stock had a trading volume of 566,797 shares, compared to its average volume of 628,841. The company has a market capitalization of $29.30 billion, a PE ratio of 29.52 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $271.91. The company has a 50 day moving average price of $250.96 and a 200 day moving average price of $241.76. 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 issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal 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 1.6%. 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 49.65%.

Broadridge Financial Solutions 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.