Western Wealth Management LLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Key Points

• Western Wealth Management purchased 5,902 Broadridge Financial Solutions shares worth approximately $959,000 during the first quarter. Institutional investors collectively own 90.03% of the company.
• Broadridge exceeded quarterly expectations with $3.82 in EPS versus the $3.76 consensus and $2.22 billion in revenue, up 7.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $213.71.
• The company increased its quarterly dividend to $1.09 per share, representing an annualized payout of $4.36 and a 2.5% yield.

Western Wealth Management LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,902 shares of the business services provider's stock, valued at approximately $959,000.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Broadridge Financial Solutions in the 4th quarter valued at approximately $346,304,000. Van ECK Associates Corp increased its position in Broadridge Financial Solutions by 110.6% during the fourth quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider's stock worth $329,239,000 after buying an additional 774,747 shares in the last quarter. Pinebridge Investments LLC acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter worth $126,553,000. JPMorgan Chase & Co. raised its holdings in shares of Broadridge Financial Solutions by 52.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider's stock worth $313,330,000 after acquiring an additional 485,297 shares during the last quarter. Finally, Amundi lifted its position in shares of Broadridge Financial Solutions by 67.5% in the first quarter. Amundi now owns 1,059,021 shares of the business services provider's stock valued at $172,070,000 after acquiring an additional 426,587 shares in the last quarter. 90.03% of the stock is 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 business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% 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 the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BR shares. 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 research note on Thursday, August 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. UBS Group decreased their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $213.71.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $172.17 on Friday. The business's 50-day moving average price is $149.54 and its 200 day moving average price is $161.45. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $265.37. The company has a market capitalization of $19.63 billion, a PE ratio of 17.90 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

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, topping analysts' consensus estimates of $3.76 by $0.06. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business 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 is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio is 40.54%.

About Broadridge Financial Solutions

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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