Walter Public Investments Inc. cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,569 shares of the business services provider’s stock after selling 5,100 shares during the period. Broadridge Financial Solutions accounts for approximately 2.6% of Walter Public Investments Inc.’s investment portfolio, making the stock its 17th biggest holding. Walter Public Investments Inc.’s holdings in Broadridge Financial Solutions were worth $14,633,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in BR. Alliancebernstein L.P. raised its holdings in Broadridge Financial Solutions by 692.3% in the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after purchasing an additional 3,224,891 shares in the last quarter. Norges Bank bought a new position in Broadridge Financial Solutions in the fourth quarter worth about $346,304,000. Van ECK Associates Corp raised its holdings in Broadridge Financial Solutions by 3,228.4% in the third quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock worth $166,846,000 after purchasing an additional 679,489 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Broadridge Financial Solutions by 46.8% in the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after purchasing an additional 292,801 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in Broadridge Financial Solutions in the third quarter worth about $64,752,000. 90.03% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.
Broadridge Financial Solutions Stock Performance
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.
Broadridge Financial Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. DA Davidson cut their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Raymond James Financial restated an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Four 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, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.
Check Out Our Latest Stock Analysis on BR
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.
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