Lansforsakringar Fondforvaltning AB publ Trims Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Broadridge Financial Solutions by 8.9%, selling 3,685 shares during the first quarter, leaving them with 37,826 shares valued at approximately $9.17 million.
• Broadridge Financial Solutions reported better-than-expected quarterly earnings with a net margin of 12.19% and an EPS of $3.55, surpassing estimates by $0.04.
• The company declared an increased quarterly dividend of $0.975, up from $0.88, representing an annualized yield of 1.5% with a payout ratio of 49.65%.

Lansforsakringar Fondforvaltning AB publ decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,826 shares of the business services provider's stock after selling 3,685 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Broadridge Financial Solutions were worth $9,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC boosted its stake in shares of Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Norden Group LLC lifted its holdings in shares of Broadridge Financial Solutions by 2.6% during the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock worth $449,000 after purchasing an additional 47 shares during the period. Crew Capital Management Ltd. lifted its holdings in shares of Broadridge Financial Solutions by 2.4% during the first quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock worth $490,000 after purchasing an additional 48 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 1.8% during the first quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider's stock worth $686,000 after purchasing an additional 49 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Broadridge Financial Solutions by 7.0% during the first quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider's stock worth $177,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.8%

Shares of Broadridge Financial Solutions stock traded up $2.12 on Thursday, hitting $251.94. The company had a trading volume of 655,440 shares, compared to its average volume of 670,905. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 35.53 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 1 year low of $206.95 and a 1 year high of $271.91. The stock has a 50 day moving average of $250.37 and a 200-day moving average of $241.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results 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 company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.Broadridge Financial Solutions's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 49.65%.

Insider Activity at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction that occurred on 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 owned 48,813 shares of the company's stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the business'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 completion of the sale, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on 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. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, UBS Group lifted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $261.50.

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.