Swedbank AB Buys 1,604 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Swedbank AB has increased its stake in Broadridge Financial Solutions by 6.3%, now owning 26,915 shares worth approximately $6.53 million as of its latest SEC filing.
• Broadridge Financial Solutions reported $3.55 earnings per share for the latest quarter, exceeding analysts' expectations and marking a 6.2% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.975, representing a 1.6% yield and an increase from the previous dividend of $0.88.

Swedbank AB boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,915 shares of the business services provider's stock after buying an additional 1,604 shares during the period. Swedbank AB's holdings in Broadridge Financial Solutions were worth $6,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BR. Brighton Jones LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at $580,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Broadridge Financial Solutions by 8.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,669 shares of the business services provider's stock valued at $5,804,000 after purchasing an additional 1,946 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Broadridge Financial Solutions by 34.7% during the fourth quarter. Quantinno Capital Management LP now owns 15,816 shares of the business services provider's stock valued at $3,576,000 after purchasing an additional 4,071 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Broadridge Financial Solutions by 11.5% during the fourth quarter. Rafferty Asset Management LLC now owns 10,913 shares of the business services provider's stock valued at $2,467,000 after purchasing an additional 1,127 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Broadridge Financial Solutions by 38.3% during the fourth quarter. Royal Bank of Canada now owns 333,649 shares of the business services provider's stock valued at $75,435,000 after purchasing an additional 92,365 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions 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 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 approximately $37,020,545.45. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 $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. Insiders sold a total of 147,532 shares of company stock valued at $38,417,208 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Down 1.0%

Shares of BR traded down $2.42 on Thursday, reaching $242.70. The company's stock had a trading volume of 555,539 shares, compared to its average volume of 595,039. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a twelve month low of $207.21 and a twelve month high of $271.91. The stock has a market capitalization of $28.43 billion, a PE ratio of 34.23 and a beta of 0.96. The firm has a fifty day moving average of $252.14 and a 200-day moving average of $242.23.

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. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm posted $3.50 EPS. The firm'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. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

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

Analyst Ratings Changes

BR has been the topic of several research reports. UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Needham & Company LLC upped their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.