Park Avenue Securities LLC Invests $2.22 Million in Broadridge Financial Solutions, Inc. $BR

Park Avenue Securities LLC bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, Holdings Channel.com reports. The fund bought 9,153 shares of the business services provider’s stock, valued at approximately $2,224,000.

Other institutional investors also recently bought and sold shares of the company. Avanza Fonder AB lifted its holdings in Broadridge Financial Solutions by 3.1% in the second quarter. Avanza Fonder AB now owns 8,940 shares of the business services provider’s stock worth $2,173,000 after buying an additional 268 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Broadridge Financial Solutions by 6.1% in the 2nd quarter. Sowell Financial Services LLC now owns 2,312 shares of the business services provider’s stock valued at $562,000 after purchasing an additional 132 shares during the period. Abacus FCF Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $12,865,000. Farther Finance Advisors LLC grew its stake in Broadridge Financial Solutions by 56.1% in the second quarter. Farther Finance Advisors LLC now owns 5,530 shares of the business services provider’s stock worth $1,344,000 after purchasing an additional 1,987 shares during the period. Finally, CX Institutional raised its holdings in Broadridge Financial Solutions by 7.8% in the second quarter. CX Institutional now owns 1,589 shares of the business services provider’s stock worth $386,000 after purchasing an additional 115 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,532 shares of company stock worth $38,417,208. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $236.04 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $27.65 billion, a price-to-earnings ratio of 33.29 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a one year low of $208.14 and a one year high of $271.91. The company’s 50-day moving average is $252.58 and its 200 day moving average is $242.18.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.975 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BR. UBS Group boosted their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Needham & Company LLC upped their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and a consensus target price 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.