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

Vanguard Group Inc. trimmed its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,052,123 shares of the business services provider’s stock after selling 243,917 shares during the period. Vanguard Group Inc. owned 0.13% of Broadridge Financial Solutions worth $3,359,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional boosted its position in Broadridge Financial Solutions by 2.8% in the 3rd quarter. CX Institutional now owns 1,633 shares of the business services provider’s stock valued at $389,000 after buying an additional 44 shares during the period. Signaturefd LLC lifted its position in shares of Broadridge Financial Solutions by 2.2% during the 3rd quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock worth $498,000 after buying an additional 45 shares during the last quarter. Strategic Blueprint LLC boosted its stake in Broadridge Financial Solutions by 5.6% in the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 47 shares in the last quarter. Patton Fund Management Inc. boosted its position in shares of Broadridge Financial Solutions by 5.3% in the 4th quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 49 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Broadridge Financial Solutions by 4.0% in the third quarter. Blue Trust Inc. now owns 1,286 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 50 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $158.88 on Wednesday. Broadridge Financial Solutions, Inc. has a 1 year low of $150.10 and a 1 year high of $271.91. The firm has a 50 day moving average price of $170.00 and a 200 day moving average price of $201.11. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 17.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.25. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates 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 last year, the company posted $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 9.46 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th were given a $0.975 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.90 annualized dividend and a dividend yield of 2.5%. Broadridge Financial Solutions’s dividend payout ratio is presently 43.19%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BR. 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. DA Davidson restated a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Needham & Company LLC reissued a “buy” rating and issued a $255.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, April 6th. Finally, Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $247.71.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey purchased 5,300 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Company 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.