Wealthfront Advisers LLC Acquires New Shares in Broadridge Financial Solutions, Inc. $BR

Wealthfront Advisers LLC 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. The firm bought 6,385 shares of the business services provider’s stock, valued at approximately $874,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Reflection Asset Management bought a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at $25,000. Nemes Rush Group LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter worth about $27,000. Prosperity Bancshares Inc purchased a new position in Broadridge Financial Solutions in the 4th quarter worth about $28,000. Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth about $29,000. Finally, WPG Advisers LLC raised its position in Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. DA Davidson dropped their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.86.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Broadridge Financial Solutions Stock Up 2.0%

NYSE BR opened at $182.12 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $264.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $20.77 billion, a P/E ratio of 18.93 and a beta of 0.87. The stock’s 50-day moving average price is $152.70 and its 200-day moving average price is $160.54.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share 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 the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. Broadridge Financial Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current 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%.

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.