Strs Ohio Acquires Shares of 45,500 Broadridge Financial Solutions, Inc. $BR

Key Points

• Strs Ohio acquired a new stake in Broadridge Financial Solutions, purchasing 45,500 shares valued at approximately $11 million in the first quarter.
• Broadridge Financial Solutions recently increased its quarterly dividend to $0.975, representing a 1.5% yield and an increase from the previous dividend of $0.88.
• The company's stock has an average rating of "Hold" among analysts, and the latest target prices range from $259 to $305, with a consensus target of $261.50.

Strs Ohio bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,500 shares of the business services provider's stock, valued at approximately $11,032,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 3.1% during the first quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider's stock valued at $3,572,199,000 after acquiring an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Broadridge Financial Solutions by 2.4% during the first 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 acquiring an additional 39,846 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Broadridge Financial Solutions by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider's stock valued at $283,278,000 after acquiring an additional 38,527 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Broadridge Financial Solutions by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,076,761 shares of the business services provider's stock valued at $261,071,000 after acquiring an additional 33,635 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Broadridge Financial Solutions by 15.3% during the fourth 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 acquiring an additional 138,207 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BR has been the subject of several recent analyst reports. Needham & Company LLC raised their target price 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. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. UBS Group raised their target price 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. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Down 1.1%

NYSE:BR opened at $252.01 on Friday. The company has a market capitalization of $29.52 billion, a price-to-earnings ratio of 35.54 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a one year low of $207.21 and a one year high of $271.91. The stock has a 50-day simple moving average of $251.65 and a 200 day simple moving average of $242.10. 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 (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, 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 firm posted $3.50 earnings per share. Broadridge Financial Solutions's quarterly revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business 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 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 yield of 1.5%. Broadridge Financial Solutions's payout ratio is presently 55.01%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer directly owned 165,634 shares in the company, valued at $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions 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 transaction, the president owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is currently owned by 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.

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