Danske Bank A S Takes Position in Broadridge Financial Solutions, Inc. $BR

Danske Bank A S bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,567 shares of the business services provider’s stock, valued at approximately $9,116,000. Danske Bank A S owned approximately 0.06% of Broadridge Financial Solutions at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Reflection Asset Management bought a new position in Broadridge Financial Solutions during the fourth quarter valued at $25,000. Nemes Rush Group LLC purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new position in Broadridge Financial Solutions in the 4th quarter valued at $28,000. WPG Advisers LLC boosted its holdings in Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Finally, DV Equities LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $37,000. 90.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday. Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley upped their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.86.

Broadridge Financial Solutions Trading Up 2.0%

Shares of BR opened at $182.12 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $152.70 and its two-hundred day moving average is $160.54. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $264.10. The stock has a market cap of $20.77 billion, a PE ratio of 18.93 and a beta of 0.87.

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

Broadridge Financial Solutions Increases Dividend

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

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction 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 owned 1 shares of the company’s stock, valued at $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Company Profile

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.