J. Safra Sarasin Holding AG Has $1.21 Million Holdings in Broadridge Financial Solutions, Inc. $BR

J. Safra Sarasin Holding AG grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,988 shares of the business services provider’s stock after purchasing an additional 944 shares during the period. J. Safra Sarasin Holding AG’s holdings in Broadridge Financial Solutions were worth $1,212,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BR. Jones Financial Companies Lllp increased its position in Broadridge Financial Solutions by 28,222.6% in the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock worth $230,254,000 after purchasing an additional 946,304 shares during the last quarter. Ameriprise Financial Inc. increased its position in Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after purchasing an additional 883,125 shares during the last quarter. Vanguard Group Inc. increased its position in Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock worth $3,572,199,000 after purchasing an additional 438,381 shares during the last quarter. Nuveen LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter worth about $91,445,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Broadridge Financial Solutions by 156.8% during the 1st quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider’s stock valued at $98,155,000 after acquiring an additional 247,157 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

BR opened at $234.70 on Friday. The firm has a market capitalization of $27.49 billion, a P/E ratio of 33.10 and a beta of 0.95. The stock’s 50 day moving average price is $251.32 and its two-hundred day moving average price is $242.58. 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 $208.20 and a 12-month high of $271.91.

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

Broadridge Financial Solutions Increases Dividend

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

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock worth $38,417,208 in the last ninety days. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

BR has been the topic of a number of analyst reports. UBS Group increased their price objective on 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 increased their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Saturday, September 27th. Needham & Company LLC increased their price objective 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, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target 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.