JSF Financial LLC Acquires New Shares in Broadridge Financial Solutions, Inc. $BR

JSF Financial LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,630 shares of the business services provider’s stock, valued at approximately $882,000.

Several other institutional investors also recently bought and sold shares of BR. ORG Partners LLC boosted its position in Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after purchasing an additional 90 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the first quarter valued at approximately $29,000. Continuum Advisory LLC boosted its stake in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after buying an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after acquiring an additional 117 shares during the period. Finally, Olde Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the 1st quarter worth about $36,000. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BR. 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. Needham & Company LLC upped their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $261.50.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the business’s 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 completion of the transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the sale, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock worth $38,417,208 over the last quarter. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Up 0.4%

Shares of BR opened at $234.70 on Friday. The stock has a fifty day moving average price of $251.32 and a two-hundred day moving average price of $242.58. 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 52-week low of $208.20 and a 52-week high of $271.91. The company has a market cap of $27.49 billion, a price-to-earnings ratio of 33.10 and a beta of 0.95.

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

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.975 per share. The ex-dividend date was Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.01%.

Broadridge Financial Solutions Company 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.