Geneos Wealth Management Inc. Buys 269 Shares of Broadridge Financial Solutions, Inc. $BR

Geneos Wealth Management Inc. increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,845 shares of the business services provider’s stock after acquiring an additional 269 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Broadridge Financial Solutions were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BR. Golden State Wealth Management LLC bought a new position in Broadridge Financial Solutions during the first quarter worth $29,000. Whipplewood Advisors LLC increased its holdings in Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock valued at $33,000 after buying an additional 131 shares during the period. Continuum Advisory LLC increased its holdings in Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after buying an additional 46 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after buying an additional 117 shares during the period. Finally, Olde Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the 1st quarter valued at $36,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.1%

Shares of NYSE BR opened at $252.01 on Monday. The firm’s 50-day simple moving average is $251.65 and its 200 day simple moving average is $242.13. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 35.54 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a 12-month low of $207.21 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.975 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.5%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.01%.

Insider Activity

In related news, 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 transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,532 shares of company stock worth $38,417,208. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BR has been the topic of several analyst reports. Needham & Company LLC boosted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. UBS Group boosted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $261.50.

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.