UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 33,635 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• UBS Asset Management has increased its stake in Broadridge Financial Solutions by 3.2%, acquiring an additional 33,635 shares and owning a total of 1,076,761 shares valued at approximately $261 million.
• Broadridge Financial Solutions reported a quarterly earnings per share (EPS) of $3.55, exceeding analysts' expectations, with a year-over-year revenue increase of 6.2%.
• The company has announced a new quarterly dividend of $0.975 per share, increasing from its previous dividend of $0.88, reflecting a consistent commitment to returning value to shareholders.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,761 shares of the business services provider's stock after acquiring an additional 33,635 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.92% of Broadridge Financial Solutions worth $261,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew its stake in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after buying an additional 46 shares during the last quarter. Norden Group LLC grew its holdings in Broadridge Financial Solutions by 2.6% during the 1st quarter. Norden Group LLC now owns 1,852 shares of the business services provider's stock worth $449,000 after acquiring an additional 47 shares during the last quarter. Crew Capital Management Ltd. increased its position in Broadridge Financial Solutions by 2.4% in the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider's stock valued at $490,000 after acquiring an additional 48 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Broadridge Financial Solutions by 1.8% in the first quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider's stock worth $686,000 after acquiring an additional 49 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 7.0% during the first quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider's stock worth $177,000 after purchasing an additional 49 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BR. Morgan Stanley lifted their target price on 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 price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. UBS Group boosted 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. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Down 1.1%

BR traded down $2.81 during trading hours on Friday, hitting $252.01. 547,705 shares of the company's stock were exchanged, compared to its average volume of 618,070. The stock has a market cap of $29.52 billion, a price-to-earnings ratio of 35.54 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 1-year low of $207.21 and a 1-year high of $271.91. The stock's 50-day moving average is $251.65 and its two-hundred day moving average is $242.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued 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. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company's revenue for the quarter 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. Sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.5%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's payout ratio is 55.01%.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction dated 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 sale, the president owned 48,813 shares in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the sale, the chief executive officer owned 165,634 shares of the company's stock, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock worth $38,417,208 over the last three months. Insiders own 1.30% of the company's stock.

About Broadridge Financial Solutions

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.