Korea Investment CORP Takes $4.75 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Korea Investment Corp. purchased 34,688 shares of Broadridge Financial Solutions in the second quarter, valued at approximately $4.75 million. Institutional investors collectively own 90.03% of the company.
• Analyst sentiment remains moderately positive, with four Buy and four Hold ratings and a consensus price target of $215.86. Broadridge recently exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue.
• Broadridge increased its quarterly dividend to $1.09 per share, representing a $4.36 annualized payout and a 2.3% yield. Separately, insider Hope M. Jarkowski sold nearly all of her shares for approximately $304,730.

Korea Investment CORP purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 34,688 shares of the business services provider's stock, valued at approximately $4,751,000.

A number of other institutional investors also recently modified their holdings of the business. Strs Ohio increased its holdings in shares of Broadridge Financial Solutions by 25.8% during the first quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock worth $7,927,000 after purchasing an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Broadridge Financial Solutions during the first quarter worth approximately $4,211,000. UNIVEST FINANCIAL Corp bought a new position in Broadridge Financial Solutions during the 1st quarter worth $8,227,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider's stock valued at $7,869,000 after acquiring an additional 11,152 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in Broadridge Financial Solutions by 51.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $8,237,000 after acquiring an additional 12,569 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BR. UBS Group reissued a "neutral" rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Needham & Company LLC reduced their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. DA Davidson decreased their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.86.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $185.61 on Tuesday. The stock has a market cap of $21.16 billion, a P/E ratio of 19.29 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock's 50-day moving average is $153.56 and its 200-day moving average is $160.27. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $263.00.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. During the same quarter last year, the business earned $3.55 EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.3%. Broadridge Financial Solutions's payout ratio is 40.54%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

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