4,846 Broadridge Financial Solutions, Inc. $BR Shares Acquired by Valley National Advisers Inc.

Valley National Advisers Inc. lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 55.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,524 shares of the business services provider’s stock after acquiring an additional 4,846 shares during the quarter. Valley National Advisers Inc.’s holdings in Broadridge Financial Solutions were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kintegral Advisory LLC raised its position in Broadridge Financial Solutions by 0.6% in the third quarter. Kintegral Advisory LLC now owns 10,764 shares of the business services provider’s stock valued at $1,746,000 after purchasing an additional 60 shares during the period. Appleton Partners Inc. MA lifted its stake in shares of Broadridge Financial Solutions by 0.5% during the first quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock worth $1,972,000 after purchasing an additional 65 shares in the last quarter. Abel Hall LLC boosted its position 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 worth $473,000 after buying an additional 68 shares during the period. Allworth Financial LP boosted its position 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 worth $365,000 after buying an additional 74 shares during the period. Finally, Eastern Bank boosted its position in shares of Broadridge Financial Solutions by 2.8% in the third quarter. Eastern Bank now owns 2,693 shares of the business services provider’s stock worth $434,000 after buying an additional 74 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BR. Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. UBS Group reissued a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Morgan Stanley upped their price target on Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $183.29 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $235.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $20.69 billion, a P/E ratio of 19.05 and a beta of 0.92. The company’s fifty day moving average price is $171.09 and its two-hundred day moving average price is $158.57.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share 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 analysts’ expectations of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, research 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 firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were issued a $1.09 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 45.32%.

Broadridge Financial Solutions 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.