REAP Financial Group LLC Buys 55 Shares of Broadridge Financial Solutions, Inc. $BR

REAP Financial Group LLC grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 59.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148 shares of the business services provider’s stock after acquiring an additional 55 shares during the quarter. REAP Financial Group LLC’s holdings in Broadridge Financial Solutions were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Shell Asset Management Co. lifted its holdings in shares of Broadridge Financial Solutions by 87.9% during the second quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider’s stock valued at $7,308,000 after purchasing an additional 14,067 shares in the last quarter. Roundview Capital LLC raised its stake in shares of Broadridge Financial Solutions by 1.0% in the second quarter. Roundview Capital LLC now owns 11,667 shares of the business services provider’s stock worth $2,835,000 after buying an additional 119 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Broadridge Financial Solutions by 2.2% in the second quarter. KLP Kapitalforvaltning AS now owns 41,400 shares of the business services provider’s stock worth $10,092,000 after buying an additional 900 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of Broadridge Financial Solutions by 34.6% during the second quarter. Prime Capital Investment Advisors LLC now owns 1,591 shares of the business services provider’s stock worth $387,000 after purchasing an additional 409 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in shares of Broadridge Financial Solutions by 5.9% during the second quarter. Belpointe Asset Management LLC now owns 1,817 shares of the business services provider’s stock worth $442,000 after purchasing an additional 101 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares of the company’s stock, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $236.64 on Thursday. The stock has a market cap of $27.62 billion, a price-to-earnings ratio of 33.38 and a beta of 0.95. 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 stock has a 50 day moving average price of $250.56 and a 200-day moving average price of $242.58. Broadridge Financial Solutions, Inc. has a one year low of $208.20 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, September 11th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BR. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. UBS Group raised their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Morgan Stanley raised their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC raised their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $261.50.

About Broadridge Financial Solutions

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.