Retirement Planning Co of New England Inc. Buys Shares of 1,780 Broadridge Financial Solutions, Inc. $BR

Key Points

• Retirement Planning Co of New England Inc. has acquired 1,780 shares of Broadridge Financial Solutions, valued at approximately $432,000, highlighting increased interest from institutional investors in the company's stock.
• Insider transactions revealed that President Christopher John Perry sold 7,036 shares, decreasing his position by 12.60%, while insiders collectively sold 151,088 shares worth $39.3 million over the last three months.
• Broadridge Financial Solutions recently announced a quarterly dividend increase to $0.975 per share, representing a 1.5% dividend yield, up from the previous $0.88 per share quarterly dividend.

Retirement Planning Co of New England Inc. bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 1,780 shares of the business services provider's stock, valued at approximately $432,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Broadridge Financial Solutions by 31,011.4% during the 1st quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock valued at $240,027,000 after purchasing an additional 986,782 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 valued at $251,513,000 after purchasing an additional 883,125 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after purchasing an additional 438,381 shares during the last quarter. Nuveen LLC bought a new position in Broadridge Financial Solutions during the 1st quarter valued at about $91,445,000. Finally, Principal Financial Group Inc. lifted its holdings in Broadridge Financial Solutions by 156.8% during the 1st quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider's stock valued at $98,155,000 after purchasing an additional 247,157 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, 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 of the company's stock, valued at approximately $12,824,151.36. This represents a 12.60% 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, CEO Timothy C. Gokey sold 5,674 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares of the company's stock, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock valued at $38,417,208 in the last ninety days. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Trading Down 0.5%

Shares of NYSE:BR traded down $1.17 during trading on Friday, hitting $250.85. 541,825 shares of the company's stock were exchanged, compared to its average volume of 595,422. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The firm has a 50-day moving average price of $250.37 and a two-hundred day moving average price of $241.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a market cap of $29.38 billion, a P/E ratio of 35.38 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results 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. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the previous year, the company earned $3.50 EPS. Broadridge Financial Solutions's revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.6%. Broadridge Financial Solutions's payout ratio is currently 49.65%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BR shares. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. UBS Group boosted 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 note on Friday, August 8th. Morgan Stanley boosted 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 note on Wednesday, August 6th. Finally, Needham & Company LLC boosted 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 note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $261.50.

Broadridge Financial Solutions Profile

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.