Broadridge Financial Solutions, Inc. $BR Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,935 shares of the business services provider’s stock after purchasing an additional 234 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Broadridge Financial Solutions were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BR. Vanguard Group Inc. grew its position in Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after buying an additional 438,381 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Broadridge Financial Solutions by 2.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider’s stock worth $409,662,000 after acquiring an additional 39,846 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Broadridge Financial Solutions by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider’s stock valued at $283,278,000 after acquiring an additional 38,527 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Broadridge Financial Solutions by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,043,126 shares of the business services provider’s stock worth $235,840,000 after purchasing an additional 138,207 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Broadridge Financial Solutions by 577.9% in the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after purchasing an additional 883,125 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BR. Royal Bank Of Canada reiterated an “outperform” rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, UBS Group raised their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Down 0.9%

Shares of Broadridge Financial Solutions stock opened at $250.14 on Thursday. Broadridge Financial Solutions, Inc. has a 12-month low of $207.21 and a 12-month high of $271.91. The firm has a market capitalization of $29.30 billion, a PE ratio of 35.28 and a beta of 0.96. 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 stock’s fifty day moving average is $251.19 and its 200-day moving average is $241.82.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This is an increase 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 1.6%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 49.65%.

Insider Activity at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is owned by 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.