Northwestern Mutual Wealth Management Co. Acquires Shares of 5,437 Broadridge Financial Solutions, Inc. $BR

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,437 shares of the business services provider’s stock, valued at approximately $745,000.

Several other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at $28,000. Bell Investment Advisors Inc bought a new position in shares of Broadridge Financial Solutions in the second quarter worth about $29,000. Finally, Evolution Wealth Management Inc. purchased a new position in Broadridge Financial Solutions in the 1st quarter worth about $36,000. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley upped their target price 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. UBS Group reiterated a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Needham & Company LLC reduced their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.86.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the 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 directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.9%

Shares of NYSE BR opened at $181.23 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $20.66 billion, a PE ratio of 18.84 and a beta of 0.87. The stock’s fifty day simple moving average is $155.21 and its two-hundred day simple moving average is $160.15. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $259.02.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results 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 firm 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%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders 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. This represents a $4.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

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.