Sumitomo Mitsui Trust Group Inc. Sells 8,623 Shares of Broadridge Financial Solutions, Inc. $BR

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.3% in the first quarter, Holdings Channel reports. The institutional investor owned 252,845 shares of the business services provider’s stock after selling 8,623 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Broadridge Financial Solutions were worth $41,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BR. Nordea Investment Management AB lifted its position in Broadridge Financial Solutions by 27.3% during the fourth 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 period. SG Americas Securities LLC grew its position in Broadridge Financial Solutions by 467.2% during the 4th quarter. SG Americas Securities LLC now owns 201,791 shares of the business services provider’s stock worth $45,034,000 after purchasing an additional 166,212 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at about $4,211,000. Strs Ohio lifted its holdings in shares of Broadridge Financial Solutions by 25.8% in the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after buying an additional 9,996 shares during the period. Finally, Junto Capital Management LP acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at about $64,752,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.1%

Shares of NYSE BR opened at $147.36 on Monday. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $271.91. The stock has a market cap of $17.04 billion, a PE ratio of 15.78 and a beta of 0.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $146.48 and a 200 day moving average of $172.24.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company posted $2.44 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $0.975 per share. The ex-dividend date was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BR. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, UBS Group reduced their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $221.57.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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.