Signal Advisors Wealth LLC Increases Holdings in Broadridge Financial Solutions, Inc. $BR

Key Points

• Signal Advisors Wealth LLC increased its stake in Broadridge Financial Solutions by 8.4%, acquiring 1,803 additional shares worth approximately $5.67 million as of the latest filing.
• Broadridge Financial Solutions reported a 6.2% year-over-year increase in revenue, reaching $2.07 billion, and beat earnings estimates with $3.55 EPS in the last quarter.
• The company announced a quarterly dividend increase to $0.975 per share, up from its previous $0.88, reflecting a commitment to returning value to shareholders.

Signal Advisors Wealth LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,339 shares of the business services provider's stock after acquiring an additional 1,803 shares during the period. Signal Advisors Wealth LLC's holdings in Broadridge Financial Solutions were worth $5,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. bought a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at $217,000. CWA Asset Management Group LLC grew its position in shares of Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after acquiring an additional 87 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at $29,000. Sequoia Financial Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock valued at $279,000 after buying an additional 101 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Broadridge Financial Solutions by 12.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock valued at $159,000 after buying an additional 72 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock traded up $0.11 during mid-day trading on Monday, hitting $241.57. The company had a trading volume of 632,573 shares, compared to its average volume of 669,408. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 34.07 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 12-month low of $208.14 and a 12-month high of $271.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $252.46 and a 200 day moving average price of $242.25.

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 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 analysts' expectations 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 quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio is currently 55.01%.

Wall Street Analyst Weigh In

BR has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of 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. Needham & Company LLC lifted their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $261.50.

Insider Activity

In other 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 sale, the chief executive officer directly owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the sale, the president owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,532 shares of company stock worth $38,417,208 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Company 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.