3,970 Shares in Broadridge Financial Solutions, Inc. $BR Bought by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,970 shares of the business services provider’s stock, valued at approximately $544,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Great Valley Advisor Group Inc. lifted its stake in Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after buying an additional 50 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 3.9% in 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 acquiring an additional 61 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC lifted its position in shares of 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 valued at $4,217,000 after acquiring an additional 62 shares in the last quarter. Appleton Partners Inc. MA boosted 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 purchasing an additional 65 shares during the period. Finally, Advisory Services Network LLC grew its position in Broadridge Financial Solutions by 0.5% during the 4th quarter. Advisory Services Network LLC now owns 14,580 shares of the business services provider’s stock worth $3,254,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BR. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Royal Bank Of Canada lifted their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Needham & Company LLC decreased their price target 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. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.86.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $183.54 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $258.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $20.93 billion, a PE ratio of 19.08 and a beta of 0.87. The business’s fifty day moving average price is $157.05 and its 200 day moving average price is $160.32.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm posted $3.55 EPS. The business’s quarterly revenue 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. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 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.