Rakuten Investment Management Inc. Purchases Shares of 19,325 Broadridge Financial Solutions, Inc. $BR

Rakuten Investment Management Inc. acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,325 shares of the business services provider’s stock, valued at approximately $2,617,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BR. BlackRock Inc. acquired a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $1,473,918,000. Jupiter Topco LLC purchased a new position in Broadridge Financial Solutions in the second quarter worth approximately $261,852,000. Norges Bank acquired a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $346,304,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at approximately $197,921,000. Finally, Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock valued at $329,239,000 after purchasing an additional 774,747 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BR has been the subject of several recent analyst reports. DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. UBS Group restated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.86.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated 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 owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Down 0.1%

BR stock opened at $183.54 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $258.70. The company’s 50 day moving average is $157.05 and its two-hundred day moving average is $160.18. The stock has a market cap of $20.93 billion, a P/E ratio of 19.08 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results 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. 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 quarter in the prior year, the business posted $3.55 EPS. The company’s revenue for the quarter 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. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is currently 40.54%.

Broadridge Financial Solutions Profile

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.