Broadridge Financial Solutions Stock Price, News & Analysis (NYSE:BR)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BR, but not buy additional shares or sell existing shares.
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6 brokers have issued 1-year price targets for Broadridge Financial Solutions' stock. Their BR share price targets range from $135.00 to $192.00. On average, they expect the company's stock price to reach $173.67 in the next year. This suggests that the stock has a possible downside of 11.0%.
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Broadridge Financial Solutions' stock was trading at $134.13 at the start of the year. Since then, BR stock has increased by 45.5% and is now trading at $195.12.
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Broadridge Financial Solutions saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,260,000 shares, a drop of 15.4% from the October 31st total of 1,490,000 shares. Based on an average daily volume of 463,400 shares, the days-to-cover ratio is presently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Broadridge Financial Solutions, Inc. (NYSE:BR) posted its quarterly earnings data on Thursday, November, 2nd. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The business services provider had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Broadridge Financial Solutions had a net margin of 10.81% and a trailing twelve-month return on equity of 42.48%.

Broadridge Financial Solutions declared a quarterly dividend on Thursday, November 9th. Stockholders of record on Friday, December 15th will be given a dividend of $0.80 per share on Friday, January 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for BR.

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.64%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

ETFs with the largest weight of Broadridge Financial Solutions (NYSE:BR) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), Motley Fool Mid-Cap Growth ETF (TMFM), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), BTD Capital Fund (DIP), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Core Alternative ETF (CCOR), Running Oak Efficient Growth ETF (RUNN) and Nuveen ESG Mid-Cap Value ETF (NUMV).

191 employees have rated Broadridge Financial Solutions Chief Executive Officer Tim Gokey on Glassdoor.com. Tim Gokey has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadridge Financial Solutions investors own include NVIDIA (NVDA), Mastercard (MA), Verizon Communications (VZ), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS), AbbVie (ABBV), Advanced Micro Devices (AMD), Intel (INTC) and Cisco Systems (CSCO).

Broadridge Financial Solutions' stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (5.06%), Baillie Gifford & Co. (2.52%), Jensen Investment Management Inc. (1.55%), Barclays PLC (1.34%), Stifel Financial Corp (1.31%) and Northern Trust Corp (1.12%). Insiders that own company stock include Adam D Amsterdam, Christopher John Perry, Douglas Richard Deschutter, Keir D Gumbs, Laura Matlin, Leslie A Brun, Michael Liberatore, Richard J Daly, Richard John Stingi, Robert N Duelks, Robert Schifellite, Thomas J Perna, Thomas P Carey, Timothy C Gokey and Vijay Mayadas.
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Shares of BR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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