Occidental Asset Management LLC Invests $3.50 Million in Broadridge Financial Solutions, Inc. $BR

Key Points

• Occidental Asset Management acquired 25,562 Broadridge Financial Solutions shares worth approximately $3.50 million in the second quarter. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations, reporting $3.82 in EPS versus the $3.76 consensus and $2.22 billion in revenue, up 7.5% year over year. The company issued fiscal 2027 EPS guidance of $10.37–$10.75.
• The company increased its quarterly dividend from $0.97 to $1.09 per share, implying an annualized dividend of $4.36 and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $215.86.

Occidental Asset Management LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,562 shares of the business services provider's stock, valued at approximately $3,501,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BR. Deutsche Bank AG bought a new position in Broadridge Financial Solutions during the 2nd quarter valued at $84,546,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth $994,000. Trust Co. of Vermont bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth $53,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at $39,879,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at $392,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $167.92 on Tuesday. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $265.37. The firm has a 50-day moving average of $150.30 and a two-hundred day moving average of $160.91. The firm has a market capitalization of $19.15 billion, a PE ratio of 17.46 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 announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $3.55 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions's payout ratio is presently 45.32%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 1 shares in the company, valued at approximately $155. This represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada raised their price objective 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. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Finally, DA Davidson dropped their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $215.86.

Broadridge Financial Solutions 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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