Ninety One UK Ltd Lowers Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Ninety One UK Ltd has reduced its stake in Broadridge Financial Solutions by 5.5%, now holding approximately 258,035 shares valued at $62.71 million.
• Institutional investors now own 90.03% of Broadridge Financial Solutions' stock, with significant increases in holdings from companies like Jones Financial Companies and Ameriprise Financial.
• Broadridge has announced a quarterly dividend increase to $0.975 per share, reflecting a shift from its previous dividend of $0.88, providing stockholders a yield of 1.6%.

Ninety One UK Ltd cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 258,035 shares of the business services provider's stock after selling 14,902 shares during the quarter. Ninety One UK Ltd owned approximately 0.22% of Broadridge Financial Solutions worth $62,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Broadridge Financial Solutions by 28,222.6% during the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider's stock worth $230,254,000 after purchasing an additional 946,304 shares during the period. Ameriprise Financial Inc. grew its position in shares of Broadridge Financial Solutions by 577.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock worth $251,513,000 after buying an additional 883,125 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Broadridge Financial Solutions by 3.1% during the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after buying an additional 438,381 shares during the period. Nuveen LLC bought a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $91,445,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 156.8% in the first quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider's stock valued at $98,155,000 after acquiring an additional 247,157 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 165,634 shares of the company's stock, valued at approximately $42,986,992.02. This represents a 33.80% 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. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company's stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. 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. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $238.00 on Wednesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The company has a market cap of $27.88 billion, a PE ratio of 33.57 and a beta of 0.96. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50-day simple moving average of $252.27 and a two-hundred day simple moving average of $242.54.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. Broadridge Financial Solutions's revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio is presently 55.01%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Needham & Company LLC boosted 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 note on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.

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