Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 291,186 Broadridge Financial Solutions, Inc. $BR

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 291,186 shares of the business services provider’s stock, valued at approximately $39,879,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. Empowered Funds LLC raised its position in Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after buying an additional 1,160 shares during the last quarter. Woodline Partners LP lifted its stake in Broadridge Financial Solutions by 6.9% during the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after acquiring an additional 635 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Broadridge Financial Solutions by 480.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Broadridge Financial Solutions by 8.5% in the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock worth $6,203,000 after acquiring an additional 2,004 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

BR opened at $175.97 on Thursday. The company’s 50 day moving average is $151.30 and its 200 day moving average is $160.52. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 18.29 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $265.37.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the company earned $3.55 earnings per share. The firm’s revenue 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. On average, equities research analysts predict 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 will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 40.54%.

Analysts Set New Price Targets

BR has been the topic of several research reports. UBS Group restated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada raised their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. DA Davidson cut their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Morgan Stanley upped their price objective on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.86.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.