Danica Pension Livsforsikringsaktieselskab Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Danica Pension Livsforsikringsaktieselskab bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,256 shares of the business services provider’s stock, valued at approximately $5,924,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BR. Strs Ohio boosted its stake in Broadridge Financial Solutions by 25.8% in the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock worth $7,927,000 after purchasing an additional 9,996 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Broadridge Financial Solutions during the 1st quarter valued at about $4,211,000. UNIVEST FINANCIAL Corp bought a new stake in Broadridge Financial Solutions during the 1st quarter valued at about $8,227,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 29.9% in the first quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after buying an additional 11,152 shares during the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in Broadridge Financial Solutions by 51.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $8,237,000 after buying an additional 12,569 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BR shares. Needham & Company LLC cut their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. UBS Group restated 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 on the stock in a research report on Tuesday, May 5th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company 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 stock an “outperform” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.86.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $170.12 on Wednesday. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 17.68 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $265.37. 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 business’s fifty day moving average price is $150.70 and its 200-day moving average price is $160.66.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.Broadridge Financial Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.09 per share. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. Broadridge Financial Solutions’s dividend payout ratio is presently 40.54%.

Broadridge Financial Solutions Company 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.