Northstar Asset Management Inc. Has $1.36 Million Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Northstar Asset Management cut its Broadridge Financial Solutions stake by 44.2% in the second quarter, selling 7,870 shares and retaining 9,926 shares valued at approximately $1.36 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a “Moderate Buy” consensus on BR, with an average price target of $215.86; targets range from $176 to $230 among recent reports.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while revenue grew 7.5% year over year. The company also raised its quarterly dividend from $0.97 to $1.09 per share, implying a 2.4% annual yield.

Northstar Asset Management Inc. lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 44.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,926 shares of the business services provider's stock after selling 7,870 shares during the period. Northstar Asset Management Inc.'s holdings in Broadridge Financial Solutions were worth $1,359,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BR. Reflection Asset Management acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $25,000. Nemes Rush Group LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $27,000. Prosperity Bancshares Inc acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at about $28,000. Bell Investment Advisors Inc bought a new stake in Broadridge Financial Solutions during the second quarter worth about $29,000. Finally, Jones Financial Companies Lllp bought a new stake in Broadridge Financial Solutions during the second quarter worth about $33,000. 90.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BR has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. DA Davidson decreased their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, May 5th. Finally, Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.86.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider owned 1 shares of the company's stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $183.54 on Friday. The stock has a 50-day moving average price of $157.05 and a two-hundred day moving average price of $160.32. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $258.70. The company has a market capitalization of $20.93 billion, a PE ratio of 19.08 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $3.55 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. Broadridge Financial Solutions's payout ratio is 40.54%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

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