Broadridge Financial Solutions (NYSE:BR) CEO Sells $21,948,711.63 in Stock

Key Points

• Broadridge Financial Solutions CEO Timothy C. Gokey sold 84,571 shares of stock at an average price of $259.53, totaling approximately $21.95 million, decreasing his ownership by 33.80%.
• The company recently announced a quarterly dividend increase to $0.975, representing a dividend yield of 1.5% and a payout ratio of 49.65%.
• Broadridge Financial Solutions reported a 6.2% increase in quarterly revenue year-over-year, with earnings per share of $3.55, surpassing analyst expectations.

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) CEO Timothy C. Gokey sold 84,571 shares of the business's stock in a transaction on Thursday, August 14th. The shares were 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 of the company's stock, valued at $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Broadridge Financial Solutions Trading Up 0.3%

BR traded up $0.74 during trading on Wednesday, hitting $263.66. The company's stock had a trading volume of 21,916 shares, compared to its average volume of 585,373. The firm's 50 day moving average price is $246.12 and its 200-day moving average price is $240.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $30.88 billion, a PE ratio of 37.23 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a twelve month low of $206.95 and a twelve month high of $271.91.

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 earnings per share for the quarter, beating the consensus estimate 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%.Broadridge Financial Solutions's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 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 Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. Broadridge Financial Solutions's payout ratio is presently 49.65%.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several institutional investors have recently bought and sold shares of BR. Price T Rowe Associates Inc. MD grew its stake in Broadridge Financial Solutions by 50.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock worth $804,952,000 after buying an additional 1,186,555 shares during the period. GAMMA Investing LLC grew its stake in Broadridge Financial Solutions by 31,011.4% during the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock worth $240,027,000 after buying an additional 986,782 shares during the period. Jones Financial Companies Lllp grew its stake in Broadridge Financial Solutions by 28,222.6% during the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider's stock worth $230,254,000 after buying an additional 946,304 shares during the period. Ameriprise Financial Inc. grew its stake in Broadridge Financial Solutions by 577.9% during the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock worth $251,513,000 after buying an additional 883,125 shares during the period. Finally, Norges Bank purchased a new stake in Broadridge Financial Solutions during the second quarter worth approximately $123,812,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BR shares. Royal Bank Of Canada restated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. UBS Group boosted their target price 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. Needham & Company LLC boosted 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. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $261.50.

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.