Lbp Am Sa Takes $10.84 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Lbp Am Sa has acquired a new stake in Broadridge Financial Solutions, investing approximately $10.84 million to buy 44,594 shares in the second quarter.
• Broadridge Financial Solutions reported a 6.2% year-over-year increase in revenue, with earnings per share (EPS) of $3.55 for the most recent quarter, surpassing analyst expectations.
• The company announced a quarterly dividend increase to $0.975 per share, resulting in an annualized dividend of $3.90 and a yield of 1.7%.

Lbp Am Sa bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,594 shares of the business services provider's stock, valued at approximately $10,838,000.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC boosted its position in shares of Broadridge Financial Solutions by 360.0% in the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock valued at $28,000 after acquiring an additional 90 shares during the period. Golden State Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC lifted its position in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after purchasing an additional 131 shares during the period. Continuum Advisory LLC lifted its position in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after purchasing an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Broadridge Financial Solutions by 450.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after purchasing an additional 117 shares during the period. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Down 1.4%

BR stock opened at $234.83 on Thursday. The stock has a market capitalization of $27.51 billion, a P/E ratio of 33.12 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91. The firm has a 50-day moving average price of $252.11 and a 200-day moving average price of $242.49.

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 analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $3.50 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.7%. 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%.

Insider Activity at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions 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 sale, the president directly owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 sale, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BR has been the subject of several recent analyst reports. Wall Street Zen cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Needham & Company LLC upped their price objective 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. UBS Group upped their price objective 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, Morgan Stanley upped their price objective 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. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and an average price target 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.

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