RWA Wealth Partners LLC Sells 2,726 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• RWA Wealth Partners LLC reduced its stake in Broadridge Financial Solutions by 24.6% in the 1st quarter, leaving them with 8,354 shares valued at $2,026,000.
• Broadridge recently announced an increase in its quarterly dividend to $0.975 per share, up from the previous $0.88, reflecting a positive financial outlook.
• In its latest earnings report, Broadridge Financial Solutions beat expectations with $3.55 earnings per share and reported revenue of $2.07 billion, marking a 6.2% increase year-over-year.

RWA Wealth Partners LLC decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,354 shares of the business services provider's stock after selling 2,726 shares during the period. RWA Wealth Partners LLC's holdings in Broadridge Financial Solutions were worth $2,026,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BR. Golden State Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the first quarter valued at approximately $29,000. Whipplewood Advisors LLC boosted its position in Broadridge Financial Solutions by 2,620.0% in the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at $34,000. Continuum Advisory LLC increased its position in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after purchasing an additional 117 shares during the period. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock traded up $1.1680 during trading hours on Friday, reaching $261.9980. The company had a trading volume of 651,183 shares, compared to its average volume of 931,132. The firm has a market cap of $30.69 billion, a PE ratio of 36.95 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $206.95 and a one year high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $247.47 and a 200 day simple moving average of $240.57.

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

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.5%. Broadridge Financial Solutions's payout ratio is currently 49.65%.

Analyst Upgrades and Downgrades

BR has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley boosted their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $261.50.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on 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 transaction, the president owned 48,813 shares of the company's stock, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas Richard Deschutter sold 5,056 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total value of $1,211,164.80. Following the completion of the sale, the insider owned 21,167 shares of the company's stock, valued at $5,070,554.85. The trade was a 19.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,470 shares of company stock worth $39,026,774. 1.30% of the stock is currently owned by corporate insiders.

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.