Millington Financial Advisors LLC Buys New Stake in Broadridge Financial Solutions, Inc. $BR

Millington Financial Advisors LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,766 shares of the business services provider’s stock, valued at approximately $2,179,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BR. Brighton Jones LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $580,000. Empowered Funds LLC grew its position in Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares during the last quarter. Woodline Partners LP grew its position in 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 worth $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 worth $616,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC grew its position in 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 purchasing an additional 2,004 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the acquisition, the chief executive officer directly owned 142,876 shares of the company’s stock, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on BR. DA Davidson decreased their price target on shares of 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. Needham & Company LLC decreased their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group decreased their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $147.07 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day simple moving average is $157.47 and its 200-day simple moving average is $190.76. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91. The firm has a market cap of $17.01 billion, a P/E ratio of 15.75 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business earned $2.44 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 41.76%.

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.