Van ECK Associates Corp Grows Position in Broadridge Financial Solutions, Inc. $BR

Van ECK Associates Corp lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 3,228.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700,536 shares of the business services provider’s stock after purchasing an additional 679,489 shares during the period. Van ECK Associates Corp owned about 0.60% of Broadridge Financial Solutions worth $166,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BR. First Horizon Corp bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth $25,000. Guerra Advisors Inc acquired a new position in Broadridge Financial Solutions during the 3rd quarter valued at approximately $29,000. Atlantic Union Bankshares Corp acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $40,000. ORG Partners LLC boosted its position in Broadridge Financial Solutions by 57.4% in the third quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock valued at $44,000 after buying an additional 66 shares during the last quarter. Finally, Bank of Jackson Hole Trust raised its holdings in shares of Broadridge Financial Solutions by 50.0% during the third quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock worth $44,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 1.2%

Shares of NYSE BR opened at $186.71 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $197.32 and its two-hundred day moving average is $221.05. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 20.68 and a beta of 0.98.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s quarterly revenue 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. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio is currently 43.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC lowered their price target on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. UBS Group decreased their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Finally, DA Davidson reissued a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $247.71.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey bought 5,300 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares of the company’s stock, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the transaction, the director directly owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

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.