Mattern Capital Management LLC Increases Stock Position in Broadridge Financial Solutions, Inc. $BR

Mattern Capital Management LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,259 shares of the business services provider’s stock after buying an additional 106 shares during the period. Broadridge Financial Solutions accounts for approximately 1.2% of Mattern Capital Management LLC’s holdings, making the stock its 24th biggest holding. Mattern Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $10,270,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after buying an additional 438,381 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Broadridge Financial Solutions by 2.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,689,607 shares of the business services provider’s stock valued at $409,662,000 after buying an additional 39,846 shares during the period. Bahl & Gaynor Inc. grew its stake in shares of Broadridge Financial Solutions by 3.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,168,351 shares of the business services provider’s stock valued at $283,278,000 after buying an additional 38,527 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Broadridge Financial Solutions by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,076,761 shares of the business services provider’s stock valued at $261,071,000 after buying an additional 33,635 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Broadridge Financial Solutions by 577.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock valued at $251,513,000 after buying an additional 883,125 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BR. UBS Group upped 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 upped 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 cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Morgan Stanley upped 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $233.51 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $27.35 billion, a P/E ratio of 32.94 and a beta of 0.95. The company’s fifty day moving average price is $251.71 and its two-hundred day moving average price is $242.51.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’s 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. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

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

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $258.37, for a total value of $1,465,991.38. Following the sale, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.30% of the company’s stock.

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.