Broadridge Financial Solutions, Inc. $BR Stock: Mather Group LLC. Increases Stake

Mather Group LLC. raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 668.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,796 shares of the business services provider’s stock after buying an additional 3,302 shares during the quarter. Mather Group LLC.’s holdings in Broadridge Financial Solutions were worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Reflection Asset Management bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at about $25,000. Security National Bank of SO Dak purchased a new stake in Broadridge Financial Solutions during the second quarter valued at approximately $26,000. Markowski Investments acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. boosted its stake in Broadridge Financial Solutions by 230.8% in the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $29,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Morgan Stanley upped their price target on 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. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $216.00.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $174.93 on Friday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $236.02. The company has a market cap of $19.75 billion, a PE ratio of 18.18 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50-day simple moving average of $170.16 and a two-hundred day simple moving average of $157.90.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $3.55 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 45.32%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.