HBK Sorce Advisory LLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

HBK Sorce Advisory LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 11,966 shares of the business services provider’s stock, valued at approximately $1,955,000.

Other institutional investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. lifted its position in shares of 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 worth $242,000 after purchasing an additional 50 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 3.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 61 shares in the last quarter. WPG Advisers LLC increased its holdings in shares of Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Bontempo Ohly Capital Mgmt LLC raised its position in 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 worth $4,217,000 after purchasing an additional 62 shares during the last quarter. Finally, Appleton Partners Inc. MA lifted its holdings in Broadridge Financial Solutions by 0.5% during the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after buying an additional 65 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at $155. The trade was 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 link. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Trading Down 0.1%

Shares of NYSE BR opened at $170.82 on Monday. The company’s 50 day simple moving average is $149.92 and its 200 day simple moving average is $161.18. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $265.37. The firm has a market capitalization of $19.48 billion, a P/E ratio of 17.76 and a beta of 0.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a $1.09 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio is 40.54%.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent research reports. Morgan Stanley increased 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. Royal Bank Of Canada boosted their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. UBS Group cut their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. 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 report on Friday, May 1st. Finally, DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Four 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 presently has an average rating of “Moderate Buy” and an average target price of $213.71.

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.