Broadridge Financial Solutions, Inc. $BR Shares Purchased by Northstar Asset Management Inc.

Key Points

• Northstar Asset Management Inc. increased its stake in Broadridge Financial Solutions by 56.7%, acquiring an additional 6,896 shares, bringing total holdings to 19,061 shares worth approximately $4.62 million.
• Broadridge Financial Solutions has announced a dividend increase from $0.88 to $0.975 per share, which translates to a 1.5% yield for investors.
• Analysts exhibit a mixed outlook, with several firms adjusting their price targets for Broadridge, ranging from $222 to $305, indicating potential for growth.

Northstar Asset Management Inc. lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 56.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,061 shares of the business services provider's stock after buying an additional 6,896 shares during the period. Northstar Asset Management Inc.'s holdings in Broadridge Financial Solutions were worth $4,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Broadridge Financial Solutions by 6.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 15,105 shares of the business services provider's stock worth $3,662,000 after purchasing an additional 927 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 1.8% in the 1st quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider's stock valued at $686,000 after purchasing an additional 49 shares during the last quarter. Ethic Inc. lifted its holdings in shares of Broadridge Financial Solutions by 16.6% in the 1st quarter. Ethic Inc. now owns 28,368 shares of the business services provider's stock valued at $6,942,000 after purchasing an additional 4,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Broadridge Financial Solutions by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 990,168 shares of the business services provider's stock valued at $240,037,000 after purchasing an additional 18,388 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Broadridge Financial Solutions by 5.3% in the 1st quarter. Horizon Investments LLC now owns 1,680 shares of the business services provider's stock valued at $407,000 after purchasing an additional 85 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction on Thursday, August 14th. The shares were 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. The trade was a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of research reports. UBS Group raised their target price 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. Needham & Company LLC raised their target price 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. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Morgan Stanley raised their target price 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. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded down $0.6240 during midday trading on Wednesday, reaching $262.2960. The company's stock had a trading volume of 866,030 shares, compared to its average volume of 590,776. The firm has a market capitalization of $30.72 billion, a PE ratio of 37.00 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a fifty-two week low of $206.95 and a fifty-two week high of $271.91. The stock's 50 day simple moving average is $246.12 and its 200 day simple moving average is $240.12.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping the consensus estimate of $3.51 by $0.04. The business had revenue of $2.07 billion for 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%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, September 11th. 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%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.65%.

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.