Mn Services Vermogensbeheer B.V. Grows Stake in Broadridge Financial Solutions, Inc. $BR

Mn Services Vermogensbeheer B.V. lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 302.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,681 shares of the business services provider’s stock after purchasing an additional 101,975 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Broadridge Financial Solutions were worth $21,858,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bontempo Ohly Capital Mgmt LLC increased its position in Broadridge Financial Solutions by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after buying an additional 62 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in Broadridge Financial Solutions by 0.5% during the first quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock valued at $1,972,000 after buying an additional 65 shares in the last quarter. Allworth Financial LP lifted its position in shares of Broadridge Financial Solutions by 2.9% in the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock worth $365,000 after buying an additional 74 shares during the last quarter. Eastern Bank lifted its position in shares of Broadridge Financial Solutions by 2.8% in the third quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock worth $434,000 after buying an additional 74 shares during the last quarter. Finally, Investors Research Corp boosted its stake in shares of Broadridge Financial Solutions by 1.2% during the 2nd quarter. Investors Research Corp now owns 6,425 shares of the business services provider’s stock worth $880,000 after acquiring an additional 75 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BR. 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 report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.00.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the transaction, the vice president owned 8,800 shares of the company’s stock, valued at $1,405,888. This represents a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Up 3.1%

BR stock opened at $165.13 on Friday. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 17.17 and a beta of 0.92. The company has a 50-day moving average of $169.31 and a two-hundred day moving average of $157.59. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $237.39. 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 data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $3.55 earnings per share. The firm’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. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were paid a $1.09 dividend. The ex-dividend date was Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is 45.32%.

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.