Janney Montgomery Scott LLC Trims Stake in Broadridge Financial Solutions, Inc. $BR

Janney Montgomery Scott LLC reduced its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,683 shares of the business services provider’s stock after selling 2,973 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Broadridge Financial Solutions were worth $2,353,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BR. Brighton Jones LLC purchased a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $580,000. Farther Finance Advisors LLC raised its position in Broadridge Financial Solutions by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 3,543 shares of the business services provider’s stock valued at $867,000 after acquiring an additional 78 shares in the last quarter. GAMMA Investing LLC raised its position in Broadridge Financial Solutions by 28.3% during the first quarter. GAMMA Investing LLC now owns 4,083 shares of the business services provider’s stock valued at $990,000 after acquiring an additional 901 shares in the last quarter. Accurate Wealth Management LLC purchased a new position in Broadridge Financial Solutions during the first quarter valued at approximately $237,000. Finally, Avanza Fonder AB raised its position in Broadridge Financial Solutions by 17.1% during the first quarter. Avanza Fonder AB now owns 8,672 shares of the business services provider’s stock valued at $2,135,000 after acquiring an additional 1,264 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the transaction, the chief executive officer owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,532 shares of company stock worth $38,417,208. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BR has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. UBS Group boosted their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. Finally, Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Three 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $233.96 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91. The business’s fifty day simple moving average is $250.29 and its 200-day simple moving average is $242.56. The firm has a market cap of $27.31 billion, a PE ratio of 33.00 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

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

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.975 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, September 11th. This represents a $3.90 annualized dividend and a yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.01%.

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.