Robeco Institutional Asset Management B.V. Sells 12,092 Shares of Broadridge Financial Solutions, Inc. $BR

Robeco Institutional Asset Management B.V. reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,193 shares of the business services provider’s stock after selling 12,092 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Broadridge Financial Solutions were worth $5,347,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Kintegral Advisory LLC raised its position in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock worth $1,746,000 after buying an additional 60 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of Broadridge Financial Solutions by 0.5% in the first quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock valued at $1,972,000 after acquiring an additional 65 shares in the last quarter. Abel Hall LLC boosted its holdings in shares of Broadridge Financial Solutions by 2.4% in the third quarter. Abel Hall LLC now owns 2,935 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 68 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Broadridge Financial Solutions by 2.9% in the second quarter. Allworth Financial LP now owns 2,662 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 74 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of Broadridge Financial Solutions by 2.8% during the third quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock worth $434,000 after acquiring an additional 74 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Down 1.5%

NYSE:BR opened at $183.29 on Friday. The stock has a fifty day moving average price of $171.09 and a two-hundred day moving average price of $158.57. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 19.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $235.27.

Broadridge Financial Solutions (NYSE:BR) last released 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. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. Broadridge Financial Solutions’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd were issued a $1.09 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. Broadridge Financial Solutions’s payout ratio is 45.32%.

Analyst Ratings Changes

BR has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Royal Bank Of Canada lifted their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, UBS Group reiterated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.