Broadridge Financial Solutions, Inc. $BR Shares Bought by Northstar Asset Management Inc.

Northstar Asset Management Inc. grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 28.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,029 shares of the business services provider’s stock after buying an additional 7,741 shares during the quarter. Broadridge Financial Solutions accounts for about 2.2% of Northstar Asset Management Inc.’s portfolio, making the stock its 20th largest holding. Northstar Asset Management Inc.’s holdings in Broadridge Financial Solutions were worth $8,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BR. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after purchasing an additional 298,273 shares during the period. State Street Corp boosted its stake in shares of Broadridge Financial Solutions by 0.6% during the 2nd quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock worth $1,376,006,000 after acquiring an additional 35,061 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock valued at $797,031,000 after acquiring an additional 136,386 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Broadridge Financial Solutions by 3.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider’s stock valued at $425,610,000 after purchasing an additional 61,659 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Broadridge Financial Solutions by 2.5% in the 2nd quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider’s stock worth $356,470,000 after purchasing an additional 36,355 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BR. 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. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. DA Davidson reaffirmed a “neutral” rating and issued a $240.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, October 28th. Finally, Morgan Stanley cut 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 note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $259.83.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 3,984 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the sale, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president owned 6,026 shares in the company, valued at $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.4%

BR stock opened at $209.68 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $224.79 and a two-hundred day moving average of $236.27. Broadridge Financial Solutions, Inc. has a 12 month low of $204.93 and a 12 month high of $271.91. The company has a market cap of $24.48 billion, a price-to-earnings ratio of 26.85 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared 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 of this dividend was Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. Broadridge Financial Solutions’s payout ratio is presently 49.94%.

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.