Commerce Bank Makes New $3.87 Million Investment in Broadridge Financial Solutions, Inc. $BR

Commerce Bank bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 28,242 shares of the business services provider’s stock, valued at approximately $3,868,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Reflection Asset Management acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc acquired a new position in Broadridge Financial Solutions in the second quarter valued at approximately $29,000. Finally, Evolution Wealth Management Inc. acquired a new position in Broadridge Financial Solutions in the first quarter valued at approximately $36,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Up 1.9%

NYSE:BR opened at $185.61 on Tuesday. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $263.00. The stock’s fifty day moving average is $153.56 and its two-hundred day moving average is $160.27. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.29 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 issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.09 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.3%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 40.54%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.