Broadridge Financial Solutions, Inc. $BR Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 58.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,623 shares of the business services provider’s stock after selling 12,055 shares during the quarter. Tredje AP fonden’s holdings in Broadridge Financial Solutions were worth $2,054,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Broadridge Financial Solutions during the second quarter valued at $123,812,000. Vanguard Group Inc. raised its position in shares of Broadridge Financial Solutions by 2.0% in the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after acquiring an additional 298,273 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Broadridge Financial Solutions by 46.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after acquiring an additional 292,801 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $41,635,000. Finally, Bank of America Corp DE grew its position in shares of Broadridge Financial Solutions by 24.2% during the 2nd quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock valued at $206,795,000 after acquiring an additional 165,965 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, 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 transaction, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

BR has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. UBS Group decreased their target price on 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. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Stock Up 0.4%

Shares of NYSE BR opened at $176.99 on Monday. The stock has a market cap of $20.66 billion, a PE ratio of 19.60 and a beta of 0.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 12-month low of $163.71 and a 12-month high of $271.91. The company has a 50-day moving average of $207.39 and a 200 day moving average of $227.53.

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