United Capital Financial Advisors LLC Takes $762,000 Position in Broadridge Financial Solutions, Inc. $BR

United Capital Financial Advisors LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 5,563 shares of the business services provider’s stock, valued at approximately $762,000.

Several other hedge funds have also recently bought and sold shares of BR. Dearborn Partners LLC acquired a new position in Broadridge Financial Solutions during the second quarter valued at approximately $9,534,000. Bank OZK acquired a new stake in shares of Broadridge Financial Solutions in the second quarter worth $548,000. Caitlin John LLC acquired a new stake in shares of Broadridge Financial Solutions in the second quarter worth $268,000. Equitable Holdings Inc. purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $329,000. Finally, Coastal Bridge Advisors LLC purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $544,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’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 transaction of $304,730.00. Following the completion of the sale, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Royal Bank Of Canada boosted 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. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. DA Davidson lowered their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley raised their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $215.86.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $183.54 on Monday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $258.70. 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 company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 19.08 and a beta of 0.87. The firm’s fifty day moving average price is $157.05 and its 200 day moving average price is $160.18.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.55 EPS. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Thursday, September 3rd will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.4%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions’s payout ratio is presently 40.54%.

Broadridge Financial Solutions 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.