Broadridge Financial Solutions - BR Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BR shares.
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2 equities research analysts have issued 12-month target prices for Broadridge Financial Solutions' stock. Their BR share price forecasts range from $135.00 to $183.00. On average, they expect the company's share price to reach $159.50 in the next year. This suggests a possible upside of 13.4% from the stock's current price.
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Broadridge Financial Solutions' stock was trading at $134.13 on January 1st, 2023. Since then, BR stock has increased by 4.8% and is now trading at $140.60.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Broadridge Financial Solutions, Inc. (NYSE:BR) posted its earnings results on Thursday, February, 2nd. The business services provider reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The business services provider had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.35 billion. Broadridge Financial Solutions had a trailing twelve-month return on equity of 40.38% and a net margin of 9.13%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS.
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Broadridge Financial Solutions declared a quarterly dividend on Thursday, February 16th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.725 per share on Wednesday, April 5th. This represents a $2.90 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, March 14th.
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), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Siren Nasdaq NexGen Economy ETF (BLCN), Motley Fool Next Index ETF (TMFX), Invesco Defensive Equity ETF (DEF) and T. Rowe Price Dividend Growth ETF (TDVG).

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $2.90 per share and currently has a dividend yield of 2.14%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 64.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

Broadridge Financial Solutions updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $6.91-$7.17 for the period, compared to the consensus earnings per share estimate of $6.92. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BR."

Broadridge Financial Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (5.98%), Baillie Gifford & Co. (2.90%), Price T Rowe Associates Inc. MD (2.88%), Geode Capital Management LLC (2.11%), T. Rowe Price Investment Management Inc. (1.90%) and Jensen Investment Management Inc. (1.55%). Insiders that own company stock include Adam D Amsterdam, Christopher John Perry, Douglas Richard Deschutter, James M Young, Julie R Taylor, Laura Matlin, Michael Liberatore, Richard J Daly, 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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One share of BR stock can currently be purchased for approximately $140.60.

Broadridge Financial Solutions (NYSE:BR) has a market capitalization of $16.55 billion and generates $5.71 billion in revenue each year. The business services provider earns $539.10 million in net income (profit) each year or $4.48 on an earnings per share basis.

The company employs 14,300 workers across the globe.

Broadridge Financial Solutions' mailing address is 5 DAKOTA DRIVE, LAKE SUCCESS NY, 11042. The official website for the company is www.broadridge.com. The business services provider can be reached via phone at (516) 472-5400 or via email at broadridgeir@broadridge.com.