Union Bancaire Privee UBP SA Cuts Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Broadridge Financial Solutions by 62.9% during the second quarter, now holding only 1,437 shares valued at approximately $344,000.
• Broadridge Financial Solutions recently increased its quarterly dividend to $0.975 per share, up from the previous $0.88, indicating a strong commitment to returning value to shareholders.
• The company reported an earnings per share (EPS) of $3.55 for the latest quarter, surpassing analyst expectations of $3.51, with revenue growing by 6.2% year-over-year.

Union Bancaire Privee UBP SA lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 62.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437 shares of the business services provider's stock after selling 2,432 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Broadridge Financial Solutions were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BR. ORG Partners LLC boosted its stake in Broadridge Financial Solutions by 360.0% in the second quarter. ORG Partners LLC now owns 115 shares of the business services provider's stock worth $28,000 after buying an additional 90 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions in the first quarter worth approximately $29,000. Whipplewood Advisors LLC boosted its stake in Broadridge Financial Solutions by 2,620.0% in the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after buying an additional 131 shares in the last quarter. Continuum Advisory LLC lifted its position in Broadridge Financial Solutions by 48.4% in the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Broadridge Financial Solutions by 450.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock valued at $35,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $234.83 on Thursday. 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 company has a market cap of $27.51 billion, a PE ratio of 33.12 and a beta of 0.95. The business has a 50 day moving average of $252.11 and a 200 day moving average of $242.49. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced 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. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions's dividend payout ratio is currently 55.01%.

Analyst Ratings Changes

Several analysts have weighed in on BR shares. Wall Street Zen downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their price objective 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $261.50.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction 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 owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction on 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 owned 48,813 shares of the company's stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by corporate 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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