TD Asset Management Inc Sells 98,634 Shares of Broadridge Financial Solutions, Inc. $BR

TD Asset Management Inc trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 45.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,009 shares of the business services provider’s stock after selling 98,634 shares during the quarter. TD Asset Management Inc owned 0.10% of Broadridge Financial Solutions worth $28,583,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. First Heartland Consultants Inc. increased its position in shares of Broadridge Financial Solutions by 7.4% during the third quarter. First Heartland Consultants Inc. now owns 2,511 shares of the business services provider’s stock valued at $598,000 after buying an additional 172 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $313,000. Mufg Securities Americas Inc. boosted its holdings in Broadridge Financial Solutions by 21.4% in the 3rd quarter. Mufg Securities Americas Inc. now owns 3,159 shares of the business services provider’s stock valued at $752,000 after purchasing an additional 556 shares during the period. Compound Planning Inc. boosted its holdings in Broadridge Financial Solutions by 2.6% in the 3rd quarter. Compound Planning Inc. now owns 5,997 shares of the business services provider’s stock valued at $1,428,000 after purchasing an additional 153 shares during the period. Finally, Dakota Wealth Management grew its position in shares of Broadridge Financial Solutions by 29.2% during the 3rd quarter. Dakota Wealth Management now owns 6,085 shares of the business services provider’s stock valued at $1,450,000 after purchasing an additional 1,374 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of the business’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 transaction, the director owned 20,815 shares in the company, valued at approximately $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the sale, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $228.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. JPMorgan Chase & Co. cut their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Raymond James Financial reiterated an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Trading Up 1.2%

Shares of BR stock opened at $185.43 on Friday. The stock has a market capitalization of $21.65 billion, a PE ratio of 20.53 and a beta of 0.97. Broadridge Financial Solutions, Inc. has a 1-year low of $163.71 and a 1-year high of $271.91. The business has a 50-day moving average of $202.63 and a 200 day moving average of $224.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. The business 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

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.