Broadridge Financial Solutions, Inc. $BR Shares Sold by WBI Investments LLC

WBI Investments LLC lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 78.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,511 shares of the business services provider’s stock after selling 5,351 shares during the period. WBI Investments LLC’s holdings in Broadridge Financial Solutions were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Acadian Asset Management LLC lifted its stake in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2,106 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Broadridge Financial Solutions by 17.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,845 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 269 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $68,000. Advisory Alpha LLC acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $214,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Broadridge Financial Solutions by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,076,761 shares of the business services provider’s stock valued at $261,071,000 after purchasing an additional 33,635 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total value 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. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction dated 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 in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock worth $38,417,208 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BR. UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Needham & Company LLC increased their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Price Performance

BR stock opened at $255.05 on Friday. 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 firm has a market capitalization of $29.87 billion, a P/E ratio of 35.97 and a beta of 0.96. The business’s 50-day moving average is $251.45 and its two-hundred day moving average is $241.95. Broadridge Financial Solutions, Inc. has a 1 year low of $207.21 and a 1 year high of $271.91.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio is 49.65%.

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.