Corient Private Wealth LP Invests $63 Million in Broadridge Financial Solutions, Inc. $BR

Corient Private Wealth LP purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, Holdings Channel reports. The firm purchased 457,066 shares of the business services provider’s stock, valued at approximately $63,000,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Broadridge Financial Solutions during the second quarter worth about $1,473,918,000. Jupiter Topco LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $261,852,000. Norges Bank acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $346,304,000. The Manufacturers Life Insurance Company acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at approximately $197,921,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after acquiring an additional 774,747 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. DA Davidson dropped their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.86.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $183.06 on Friday. The business has a 50-day simple moving average of $156.12 and a two-hundred day simple moving average of $160.16. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $258.70. The stock has a market cap of $20.87 billion, a PE ratio of 19.03 and a beta of 0.87. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly 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 company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the business posted $3.55 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

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.