Dearborn Partners LLC Makes New $9.53 Million Investment in Broadridge Financial Solutions, Inc. $BR

Dearborn Partners LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,618 shares of the business services provider’s stock, valued at approximately $9,534,000. Dearborn Partners LLC owned approximately 0.06% of Broadridge Financial Solutions at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $580,000. Empowered Funds LLC lifted its position in Broadridge Financial Solutions by 41.5% during the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after acquiring an additional 1,160 shares during the period. Woodline Partners LP grew its stake in shares of Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 635 shares during the last quarter. Acadian Asset Management LLC grew its position in 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 buying an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 8.5% in the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock worth $6,203,000 after acquiring an additional 2,004 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BR. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Needham & Company LLC lowered their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada upped their price target on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, DA Davidson reduced their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $183.06 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $258.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50 day moving average price of $156.12 and a 200 day moving average price of $160.16. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 19.03 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $3.55 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is 40.54%.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.