Insider Buying: Broadridge Financial Solutions (NYSE:BR) CEO Acquires $1,030,797.00 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) CEO Timothy Gokey acquired 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly owned 142,876 shares in the company, valued at approximately $27,787,953.24. The trade was a 3.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $183.27 on Thursday. The business’s fifty day moving average price is $196.52 and its two-hundred day moving average price is $220.79. The stock has a market cap of $21.40 billion, a PE ratio of 20.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio is 43.19%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BR. JPMorgan Chase & Co. lowered their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. UBS Group cut their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Finally, DA Davidson reissued a “buy” rating and set a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.71.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in BR. Alliancebernstein L.P. boosted its holdings in Broadridge Financial Solutions by 692.3% in the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after acquiring an additional 3,224,891 shares during the last quarter. Norges Bank acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $346,304,000. Van ECK Associates Corp raised its holdings in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after purchasing an additional 774,747 shares during the period. Pinebridge Investments LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth about $126,553,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after purchasing an additional 485,297 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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.