Skandinaviska Enskilda Banken AB publ Has $5.80 Million Stake in Broadridge Financial Solutions, Inc. $BR

Skandinaviska Enskilda Banken AB publ lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,337 shares of the business services provider’s stock after selling 5,158 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Broadridge Financial Solutions were worth $5,796,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. First Horizon Corp bought a new position in Broadridge Financial Solutions during the 3rd quarter valued at $25,000. NewSquare Capital LLC lifted its position in shares of Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Guerra Advisors Inc purchased a new position in Broadridge Financial Solutions during the third quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its position in Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. Finally, Bank of Jackson Hole Trust increased its stake in Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. DA Davidson reaffirmed a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Morgan Stanley cut their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. UBS Group lowered their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Finally, Needham & Company LLC cut their price target on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target of $247.71.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction on 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 sale, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. This trade represents a 62.89% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $176.21 on Friday. The business’s fifty day moving average is $208.45 and its 200 day moving average is $228.57. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 19.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.25. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

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.