Sanctuary Advisors LLC Acquires Shares of 11,030 Broadridge Financial Solutions, Inc. $BR

Sanctuary Advisors LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,030 shares of the business services provider’s stock, valued at approximately $1,511,000.

A number of other institutional investors have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at $28,000. Bell Investment Advisors Inc bought a new stake in Broadridge Financial Solutions during the second quarter valued at $29,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Broadridge Financial Solutions during the first quarter worth $36,000. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $181.23 on Thursday. The firm’s 50 day moving average is $155.21 and its two-hundred day moving average is $160.15. The firm has a market capitalization of $20.66 billion, a P/E ratio of 18.84 and a beta of 0.87. 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 52 week low of $133.83 and a 52 week high of $259.02.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company posted $3.55 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share 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. Investors of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.32%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. DA Davidson lowered their target price 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, UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $215.86.

Insiders Place Their Bets

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider owned 1 shares of the company’s stock, valued at $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

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.