Mather Group LLC. Purchases 3,302 Shares of Broadridge Financial Solutions, Inc. $BR

Mather Group LLC. lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 668.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,796 shares of the business services provider’s stock after purchasing an additional 3,302 shares during the period. Mather Group LLC.’s holdings in Broadridge Financial Solutions were worth $612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth $1,473,918,000. Jupiter Topco LLC bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at $261,852,000. Van ECK Associates Corp raised its position in Broadridge Financial Solutions by 11.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after purchasing an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth $197,921,000. Finally, Amundi lifted its holdings in shares of Broadridge Financial Solutions by 67.5% in the 1st quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock worth $172,070,000 after buying an additional 426,587 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $174.93 on Friday. The company has a 50 day moving average price of $170.16 and a 200-day moving average price of $157.90. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $236.02. The stock has a market capitalization of $19.75 billion, a PE ratio of 18.18 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 issued its quarterly earnings data 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. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates 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 revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were given a dividend of $1.09 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.5%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Analyst Ratings Changes

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

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction 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 transaction, the vice president directly owned 8,800 shares in the company, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.00% of the company’s stock.

Broadridge Financial Solutions 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.