Shell Asset Management Co. Buys 14,067 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Shell Asset Management Co. increased its stake in Broadridge Financial Solutions by 87.9%, owning a total of 30,069 shares worth approximately $7.31 million after buying an additional 14,067 shares in the second quarter.
• Broadridge Financial Solutions has recently raised its quarterly dividend from $0.88 to $0.975 per share, with an annualized dividend of $3.90 and a yield of 1.7%.
• Analysts have raised their price targets for Broadridge, with UBS Group increasing it to $280 and Needham & Company LLC to $305, reflecting a positive outlook despite an average "Hold" rating on the stock.

Shell Asset Management Co. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 87.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,069 shares of the business services provider's stock after purchasing an additional 14,067 shares during the period. Shell Asset Management Co.'s holdings in Broadridge Financial Solutions were worth $7,308,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC boosted its stake in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock valued at $28,000 after purchasing an additional 90 shares during the period. Golden State Wealth Management LLC bought a new position in Broadridge Financial Solutions in the 1st quarter worth about $29,000. Continuum Advisory LLC boosted its holdings in shares of Broadridge Financial Solutions by 48.4% in the first 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 period. Clal Insurance Enterprises Holdings Ltd grew its stake in Broadridge Financial Solutions by 450.0% in the first 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 in the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on BR shares. UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC increased their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price target on 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, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadridge Financial Solutions in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $261.50.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $235.28 on Tuesday. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 33.18 and a beta of 0.95. The firm's fifty day moving average is $250.98 and its two-hundred day moving average is $242.66. 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 one year low of $208.20 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $3.50 earnings per share. Broadridge Financial Solutions's revenue for the quarter 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. Research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.975 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 55.01%.

Insider Activity

In related news, CEO Timothy C. Gokey sold 5,674 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 143,285 shares in the company, valued at $37,020,545.45. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the sale, the president directly owned 48,813 shares of the company's stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.30% of the company's stock.

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.

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