EFG International AG Invests $4.35 Million in Broadridge Financial Solutions, Inc. $BR

EFG International AG bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,773 shares of the business services provider’s stock, valued at approximately $4,354,000.

Several other institutional investors have also recently made changes to their positions in BR. Great Valley Advisor Group Inc. raised its stake in Broadridge Financial Solutions by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock worth $242,000 after acquiring an additional 50 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Broadridge Financial Solutions by 3.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 61 shares during the period. Bontempo Ohly Capital Mgmt LLC boosted its holdings in Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after buying an additional 62 shares during the period. Appleton Partners Inc. MA increased its stake in Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after buying an additional 65 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Broadridge Financial Solutions by 0.5% during the fourth quarter. Advisory Services Network LLC now owns 14,580 shares of the business services provider’s stock valued at $3,254,000 after acquiring an additional 70 shares during the period. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BR shares. Royal Bank Of Canada upped their target price 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. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. UBS Group reissued a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Finally, Morgan Stanley lifted their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $215.86.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $184.76 on Wednesday. The company has a market cap of $21.07 billion, a PE ratio of 19.21 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $259.02. The company’s 50 day moving average is $154.38 and its 200 day moving average is $160.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results 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 during the quarter, compared to analysts’ expectations 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 was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current 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 paid a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.4%. Broadridge Financial Solutions’s dividend 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.