National Pension Service Has $41.33 Million Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• The National Pension Service has increased its holdings in Broadridge Financial Solutions by 8.4%, now owning approximately 170,469 shares valued at $41.33 million.
• Several research firms have raised their target prices for Broadridge Financial Solutions, with Needham & Company increasing it to $305 and UBS Group to $280, signaling positive analyst sentiment.
• Broadridge Financial Solutions has declared an increase in its quarterly dividend to $0.975, reflecting a positive change from the previous dividend of $0.88.

National Pension Service boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,469 shares of the business services provider's stock after buying an additional 13,255 shares during the period. National Pension Service owned 0.15% of Broadridge Financial Solutions worth $41,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth $29,000. Whipplewood Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $34,000. Continuum Advisory LLC lifted its stake in shares of Broadridge Financial Solutions by 48.4% in the 1st 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 during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 84,571 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the sale, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 7,036 shares of the company'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 completion of the sale, the president owned 48,813 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Down 0.2%

Shares of Broadridge Financial Solutions stock traded down $0.4680 during midday trading on Thursday, hitting $261.3920. The company's stock had a trading volume of 143,202 shares, compared to its average volume of 587,917. 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, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The stock has a 50-day simple moving average of $246.55 and a 200-day simple moving average of $240.27. The firm has a market capitalization of $30.62 billion, a P/E ratio of 36.88 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.04. The company had revenue of $2.07 billion for 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%.The business's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $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 expect 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.975 per share. 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%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio is presently 49.65%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BR shares. Morgan Stanley increased their target price 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. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. UBS Group lifted 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 objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of "Hold" and an average target price 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.