TD Asset Management Inc Lowers Stock Holdings in Broadridge Financial Solutions, Inc. $BR

TD Asset Management Inc cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,444 shares of the business services provider’s stock after selling 22,565 shares during the period. TD Asset Management Inc’s holdings in Broadridge Financial Solutions were worth $21,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC increased its holdings in shares of Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth $39,000. Fulcrum Asset Management LLP acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth $47,000. Osterweis Capital Management Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $48,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth $67,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $151.49 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 16.22 and a beta of 0.88. The firm’s fifty day simple moving average is $154.98 and its 200 day simple moving average is $187.30. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. UBS Group dropped their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their price objective on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.