Moran Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 68,105 shares of the business services provider’s stock, valued at approximately $11,066,000.
Several other hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Broadridge Financial Solutions by 692.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after acquiring an additional 3,224,891 shares during the period. Norges Bank bought a new position in Broadridge Financial Solutions during the fourth quarter worth $346,304,000. Van ECK Associates Corp grew its holdings in Broadridge Financial Solutions by 110.6% in the fourth quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after purchasing an additional 774,747 shares during the period. Pinebridge Investments LLC acquired a new stake in Broadridge Financial Solutions in the fourth quarter worth $126,553,000. Finally, JPMorgan Chase & Co. increased its stake in Broadridge Financial Solutions by 52.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after purchasing an additional 485,297 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.
Insider Buying and Selling at Broadridge Financial Solutions
In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.
Broadridge Financial Solutions Trading Down 0.1%
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.
Broadridge Financial Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a $0.975 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio is currently 41.76%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group decreased their target price on 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. DA Davidson dropped their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a report on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.
View Our Latest Stock Report on Broadridge Financial Solutions
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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