Broadridge Financial Solutions, Inc. $BR Shares Newly Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,524 shares of the business services provider’s stock, valued at approximately $1,051,000.

A number of other large investors have also added to or reduced their stakes in the stock. Nolet Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the 3rd quarter worth approximately $228,000. Mather Group LLC. increased its holdings in Broadridge Financial Solutions by 668.4% in the 3rd quarter. Mather Group LLC. now owns 3,796 shares of the business services provider’s stock worth $612,000 after buying an additional 3,302 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Broadridge Financial Solutions by 643.4% in the 3rd quarter. Fortitude Family Office LLC now owns 788 shares of the business services provider’s stock worth $127,000 after buying an additional 682 shares in the last quarter. Lodestone Wealth Management LLC raised its position in Broadridge Financial Solutions by 46.9% in the 3rd quarter. Lodestone Wealth Management LLC now owns 285 shares of the business services provider’s stock worth $46,000 after buying an additional 91 shares during the last quarter. Finally, ABLE Financial Group LLC raised its holdings in shares of Broadridge Financial Solutions by 10.5% during the third quarter. ABLE Financial Group LLC now owns 3,500 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $6.23 during trading hours on Thursday, hitting $174.49. The company’s stock had a trading volume of 167,210 shares, compared to its average volume of 1,341,165. The business has a 50 day moving average price of $169.80 and a two-hundred day moving average price of $157.66. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $236.02. The company has a market cap of $19.70 billion, a PE ratio of 18.16 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.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results 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 firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $3.55 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

Insiders Place Their Bets

In related news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the sale, the vice president owned 8,800 shares in the company, valued at approximately $1,405,888. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

Analysts Set New Price Targets

Several research firms have recently commented on BR. Royal Bank Of Canada upped their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. UBS Group restated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $216.00.

Broadridge Financial Solutions Company 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.