1,401 Shares in Broadridge Financial Solutions, Inc. $BR Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC purchased 1,401 shares of Broadridge Financial Solutions, Inc., valued at approximately $340,000, in the first quarter of the year.
• Company insiders sold 147,532 shares totalling over $38 million in the last ninety days, indicating a shift in ownership dynamics.
• Broadridge recently announced a quarterly dividend increase to $0.975 per share, reflecting a 1.6% dividend yield and a payout ratio of 49.65%.

MBB Public Markets I LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,401 shares of the business services provider's stock, valued at approximately $340,000.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $29,000. Whipplewood Advisors LLC increased its stake in shares of 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 valued at $33,000 after buying an additional 131 shares during the period. Minot DeBlois Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $34,000. Continuum Advisory LLC increased 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 buying an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 valued at $35,000 after buying an additional 117 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the sale, the chief executive officer directly owned 143,285 shares of the company's stock, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction 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 directly owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,532 shares of company stock worth $38,417,208. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Needham & Company LLC upped their price target 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. UBS Group upped their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Morgan Stanley upped their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Stock Down 1.1%

Shares of NYSE BR traded down $2.81 during trading on Friday, reaching $252.01. The company had a trading volume of 547,705 shares, compared to its average volume of 618,070. Broadridge Financial Solutions, Inc. has a 12-month low of $207.21 and a 12-month high of $271.91. The stock has a market cap of $29.52 billion, a PE ratio of 35.54 and a beta of 0.96. The business's 50-day moving average is $251.65 and its 200 day moving average is $242.06. 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 (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company'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 analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.975 dividend. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's payout ratio is currently 55.01%.

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.