Diversified Trust Co Sells 78 Shares of Broadridge Financial Solutions, Inc. $BR

Diversified Trust Co lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 824 shares of the business services provider’s stock after selling 78 shares during the quarter. Diversified Trust Co’s holdings in Broadridge Financial Solutions were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BR. GAMMA Investing LLC raised its holdings in Broadridge Financial Solutions by 31,011.4% during the 1st quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider’s stock valued at $240,027,000 after buying an additional 986,782 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Broadridge Financial Solutions by 28,222.6% during the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock valued at $230,254,000 after acquiring an additional 946,304 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Broadridge Financial Solutions by 577.9% during the first quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock valued at $251,513,000 after acquiring an additional 883,125 shares during the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 438,381 shares during the last quarter. Finally, Nuveen LLC bought a new position in Broadridge Financial Solutions during the 1st quarter valued at approximately $91,445,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In related news, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares of the company’s stock, valued at $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. Insiders have sold 147,532 shares of company stock valued at $38,417,208 in the last ninety days. Insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.2%

Shares of NYSE:BR opened at $236.04 on Thursday. The stock has a 50 day moving average price of $252.58 and a 200-day moving average price of $242.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $27.65 billion, a P/E ratio of 33.29 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 52-week low of $208.14 and a 52-week high of $271.91.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.975 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 11th. Broadridge Financial Solutions’s payout ratio is 55.01%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BR. Morgan Stanley upped their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC upped their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Company 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.