United Capital Financial Advisors LLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

United Capital Financial Advisors LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 5,563 shares of the business services provider’s stock, valued at approximately $762,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. Empowered Funds LLC grew its position in shares of Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after acquiring an additional 1,160 shares in the last quarter. Woodline Partners LP grew its position in shares of Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after acquiring an additional 635 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Broadridge Financial Solutions by 8.5% in the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock valued at $6,203,000 after acquiring an additional 2,004 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $183.54 on Monday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $258.70. The stock has a market capitalization of $20.93 billion, a P/E ratio of 19.08 and a beta of 0.87. The firm’s 50 day moving average is $157.05 and its 200-day moving average is $160.18. 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 posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned $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. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be given a $1.09 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. Broadridge Financial Solutions’s dividend payout ratio is 40.54%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BR. DA Davidson reduced their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of 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 reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Morgan Stanley boosted their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Company 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.