Triangle Securities Wealth Management Buys New Shares in Broadridge Financial Solutions, Inc. $BR

Key Points

• Triangle Securities Wealth Management has acquired 3,226 shares of Broadridge Financial Solutions, valued at approximately $784,000, during the second quarter, as reported in their recent SEC filing.
• Wall Street analysts are optimistic about Broadridge's future, with price targets raised by firms like UBS Group and Morgan Stanley, suggesting growth potential.
• Broadridge has increased its quarterly dividend from $0.88 to $0.975, reflecting a positive outlook and a yield of 1.6% for shareholders.

Triangle Securities Wealth Management bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,226 shares of the business services provider's stock, valued at approximately $784,000.

Other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Broadridge Financial Solutions by 5.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 44,730 shares of the business services provider's stock worth $10,871,000 after buying an additional 2,200 shares in the last quarter. Swedbank AB boosted its stake in Broadridge Financial Solutions by 56.3% during the second quarter. Swedbank AB now owns 42,074 shares of the business services provider's stock valued at $10,225,000 after buying an additional 15,159 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Broadridge Financial Solutions by 2.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,423 shares of the business services provider's stock valued at $3,505,000 after purchasing an additional 305 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in Broadridge Financial Solutions by 8.4% during the 2nd quarter. Signal Advisors Wealth LLC now owns 23,339 shares of the business services provider's stock valued at $5,672,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Baron Wealth Management LLC raised its holdings in Broadridge Financial Solutions by 24.1% in the 2nd quarter. Baron Wealth Management LLC now owns 1,173 shares of the business services provider's stock worth $285,000 after acquiring an additional 228 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded down $1.10 during midday trading on Friday, reaching $241.46. The stock had a trading volume of 1,989,601 shares, compared to its average volume of 602,488. 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 firm has a market capitalization of $28.28 billion, a PE ratio of 34.06 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 12 month low of $207.21 and a 12 month high of $271.91. The firm's 50-day moving average price is $252.35 and its 200 day moving average price is $242.21.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The business's revenue 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. As a group, research analysts predict 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 declared 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. This represents a $3.90 dividend on an annualized basis and a dividend 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 dividend payout ratio is currently 55.01%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group boosted their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Morgan Stanley increased 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. Finally, 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 report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $261.50.

Insider Activity

In other news, President Christopher John Perry sold 7,036 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was 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 directly owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The stock was 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 in the company, valued at $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,532 shares of company stock valued at $38,417,208. Corporate insiders own 1.30% of the company's stock.

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.