Broadridge Financial Solutions, Inc. $BR Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,482 shares of the business services provider’s stock after selling 196 shares during the quarter. Venturi Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $603,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in Broadridge Financial Solutions in the first quarter valued at about $217,000. CWA Asset Management Group LLC lifted its position in Broadridge Financial Solutions by 6.8% in the first quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider’s stock valued at $332,000 after buying an additional 87 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions in the first quarter valued at about $29,000. Sequoia Financial Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 9.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider’s stock worth $279,000 after purchasing an additional 101 shares in the last quarter. Finally, Triangle Securities Wealth Management acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $784,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.1%

BR stock opened at $233.96 on Friday. The company’s 50 day moving average price is $250.29 and its 200 day moving average price is $242.56. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 33.00 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating the consensus estimate of $3.51 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.975 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions’s payout ratio is currently 55.01%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Needham & Company LLC increased their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and an average price target of $261.50.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares in the company, valued at $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock worth $38,417,208 over the last quarter. 1.10% of the stock is currently owned by insiders.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.