Citizens Financial Group Inc. RI Invests $4.10 Million in Broadridge Financial Solutions, Inc. $BR

Citizens Financial Group Inc. RI purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 29,735 shares of the business services provider’s stock, valued at approximately $4,102,000.

A number of other hedge funds have also recently modified their holdings of the company. Great Valley Advisor Group Inc. increased its position in Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock worth $242,000 after purchasing an additional 50 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock worth $383,000 after purchasing an additional 61 shares during the period. WPG Advisers LLC boosted its holdings in Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC boosted its holdings in Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock valued at $4,217,000 after purchasing an additional 62 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its stake in shares of Broadridge Financial Solutions by 0.5% in the 1st quarter. Appleton Partners Inc. MA now owns 12,137 shares of the business services provider’s stock valued at $1,972,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider owned 1 shares of the company’s stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. UBS Group reiterated a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a report on Monday. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley raised their target price on 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. Finally, Royal Bank Of Canada lifted their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.86.

Broadridge Financial Solutions Trading Down 1.8%

Shares of BR stock opened at $167.92 on Tuesday. 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 cap of $19.15 billion, a PE ratio of 17.46 and a beta of 0.87. The company has a 50-day moving average of $150.30 and a two-hundred day moving average of $160.91. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $265.37.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results 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 business 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be issued a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 45.32%.

About Broadridge Financial Solutions

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.