UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• UBS Asset Management reduced its Broadridge Financial Solutions stake by 4.1% in the second quarter, selling 42,424 shares and retaining 990,972 shares valued at approximately $135.7 million. Institutional investors collectively own 90.03% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $216.00. Recent targets range from $176 to $226.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue, while revenue increased 7.5% year over year. The company also raised its quarterly dividend to $1.09, implying a 2.4% annual yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 990,972 shares of the business services provider's stock after selling 42,424 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.87% of Broadridge Financial Solutions worth $135,714,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Reflection Asset Management purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at about $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $28,000. Bell Investment Advisors Inc bought a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $29,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $33,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BR shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. UBS Group reissued a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Finally, Royal Bank Of Canada boosted their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.00.

Broadridge Financial Solutions Stock Down 1.3%

BR stock opened at $180.07 on Wednesday. The stock has a market capitalization of $20.53 billion, a PE ratio of 18.72 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $256.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $158.85 and a 200 day moving average of $160.34.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's payout ratio is currently 45.32%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

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