Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Holdings in Broadridge Financial Solutions, Inc. $BR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,181 shares of the business services provider’s stock after acquiring an additional 469 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Broadridge Financial Solutions were worth $2,474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. Atwater Malick LLC boosted its stake in Broadridge Financial Solutions by 20.5% in the 2nd quarter. Atwater Malick LLC now owns 1,435 shares of the business services provider’s stock worth $349,000 after purchasing an additional 244 shares during the period. Mattern Capital Management LLC boosted its stake in Broadridge Financial Solutions by 0.3% in the 2nd quarter. Mattern Capital Management LLC now owns 42,259 shares of the business services provider’s stock worth $10,270,000 after purchasing an additional 106 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Broadridge Financial Solutions by 7.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,994 shares of the business services provider’s stock worth $3,887,000 after purchasing an additional 1,161 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Broadridge Financial Solutions by 11.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,379 shares of the business services provider’s stock worth $578,000 after purchasing an additional 248 shares during the period. Finally, J. Safra Sarasin Holding AG boosted its stake in Broadridge Financial Solutions by 23.3% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,988 shares of the business services provider’s stock worth $1,212,000 after purchasing an additional 944 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Up 0.4%

NYSE BR opened at $234.70 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $27.49 billion, a P/E ratio of 33.10 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a one year low of $208.20 and a one year high of $271.91. The stock has a 50 day moving average price of $251.32 and a 200-day moving average price of $242.53.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.975 dividend. This is a boost 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 1.7%. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio is 55.01%.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 143,285 shares in the company, valued at $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BR shares. Morgan Stanley upped their price target 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. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Saturday, September 27th. Needham & Company LLC upped their price target 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, UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $261.50.

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.