Broadridge Financial Solutions, Inc. $BR Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 31.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,488 shares of the business services provider’s stock after selling 2,542 shares during the quarter. QRG Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $1,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 56.1% in the 2nd 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Broadridge Financial Solutions by 37.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock worth $4,708,000 after buying an additional 5,346 shares during the period. Shell Asset Management Co. lifted its stake in Broadridge Financial Solutions by 87.9% in the second quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider’s stock valued at $7,308,000 after buying an additional 14,067 shares during the last quarter. Addenda Capital Inc. boosted its holdings in shares of Broadridge Financial Solutions by 28.6% during the third quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock valued at $16,049,000 after acquiring an additional 14,942 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Broadridge Financial Solutions by 40.8% during the second quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider’s stock worth $52,900,000 after acquiring an additional 63,798 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 3,984 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the sale, the president owned 44,829 shares of the company’s stock, valued at $10,131,354. This trade represents a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. UBS Group dropped their price target on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Morgan Stanley reduced their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. DA Davidson restated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $259.83.

Broadridge Financial Solutions Stock Performance

BR opened at $209.15 on Wednesday. The business has a 50 day moving average price of $225.44 and a two-hundred day moving average price of $236.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 26.78 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $208.67 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.32. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were given a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 49.94%.

About Broadridge Financial Solutions

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.