Broadridge Financial Solutions, Inc. $BR Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 411,389 shares of the business services provider’s stock after selling 20,057 shares during the period. Rathbones Group PLC’s holdings in Broadridge Financial Solutions were worth $91,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BR. Barclays PLC boosted its holdings in shares of Broadridge Financial Solutions by 0.7% during the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after acquiring an additional 14,631 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Broadridge Financial Solutions by 14.6% in the 3rd quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock worth $22,523,000 after acquiring an additional 12,024 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Broadridge Financial Solutions by 46.8% in 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 during the period. Nordea Investment Management AB lifted its position in Broadridge Financial Solutions by 27.3% in the 4th quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after purchasing an additional 62,273 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Broadridge Financial Solutions by 37.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock valued at $4,708,000 after purchasing an additional 5,346 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James Financial restated an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, DA Davidson reissued a “buy” rating and set a $228.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $247.71.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy C. Gokey acquired 5,300 shares of Broadridge Financial Solutions stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This represents a 3.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Trading Down 0.2%

Shares of NYSE:BR opened at $160.60 on Monday. The company has a 50 day moving average of $179.50 and a 200-day moving average of $210.44. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. The firm has a market cap of $18.75 billion, a P/E ratio of 17.79 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a twelve month low of $155.54 and a twelve month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping 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 firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.4%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

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.