State of Wyoming Increases Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• The State of Wyoming increased its holdings in Broadridge Financial Solutions by 7,766.7% in the 1st quarter, now owning 1,652 shares worth $401,000.
• Broadridge Financial Solutions reported earnings of $3.55 per share, exceeding analysts' expectations and showing a 6.2% year-over-year revenue growth.
• The company announced an increase in its quarterly dividend to $0.975 per share, with a payout ratio of 49.65%.

State of Wyoming grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 7,766.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,652 shares of the business services provider's stock after purchasing an additional 1,631 shares during the quarter. State of Wyoming's holdings in Broadridge Financial Solutions were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock worth $3,572,199,000 after purchasing an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Broadridge Financial Solutions by 2.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider's stock valued at $409,662,000 after buying an additional 39,846 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Broadridge Financial Solutions by 3.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider's stock valued at $283,278,000 after buying an additional 38,527 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Broadridge Financial Solutions by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider's stock valued at $235,840,000 after buying an additional 138,207 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 883,125 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 5,674 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $258.37, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the business's stock in a transaction on 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 completion of the sale, the president directly owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Down 0.9%

Shares of BR stock traded down $2.20 on Wednesday, reaching $249.76. 523,913 shares of the stock were exchanged, compared to its average volume of 741,253. 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 business's 50 day moving average price is $250.12 and its 200 day moving average price is $241.35. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 35.23 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a twelve month low of $206.95 and a twelve month high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, September 11th. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.6%. Broadridge Financial Solutions's payout ratio is presently 49.65%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BR. Needham & Company LLC lifted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. 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 report on Wednesday, August 6th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, UBS Group boosted their price target 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. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.