Danske Bank A S Takes Position in Broadridge Financial Solutions, Inc. $BR

Danske Bank A S acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 66,567 shares of the business services provider’s stock, valued at approximately $9,116,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $1,473,918,000. Norges Bank acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $346,304,000. Van ECK Associates Corp raised its holdings in Broadridge Financial Solutions by 110.6% during 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 last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth $101,738,000. Finally, Deutsche Bank AG acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $84,546,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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 dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BR has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley boosted their target price 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Trading Up 2.0%

Broadridge Financial Solutions stock opened at $182.12 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $264.10. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 18.93 and a beta of 0.87. The business’s fifty day simple moving average is $152.70 and its two-hundred day simple moving average is $160.54. 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 issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate 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 return on equity of 40.25% and a net margin of 15.04%.Broadridge Financial Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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