The Manufacturers Life Insurance Company Takes $197.92 Million Position in Broadridge Financial Solutions, Inc. $BR

The Manufacturers Life Insurance Company purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,445,207 shares of the business services provider’s stock, valued at approximately $197,921,000.

Several other large investors have also recently added to or reduced their stakes in BR. Strs Ohio boosted its stake in Broadridge Financial Solutions by 25.8% in the first quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after acquiring an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $4,211,000. UNIVEST FINANCIAL Corp acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter worth approximately $8,227,000. Empowered Funds LLC lifted its holdings in shares of Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after purchasing an additional 11,152 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 51.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after purchasing an additional 12,569 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the 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 completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BR. 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. Needham & Company LLC cut their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. DA Davidson reduced their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Royal Bank Of Canada upped their price target on shares of 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, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.86.

Broadridge Financial Solutions Stock Up 1.9%

Broadridge Financial Solutions stock opened at $185.61 on Tuesday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 19.29 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $153.56 and its two-hundred day moving average price is $160.27. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $263.00.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. The company had revenue of $2.22 billion during 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%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Broadridge Financial Solutions 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.