CIBC Asset Management Inc Buys 11,339 Shares of Broadridge Financial Solutions, Inc. $BR

CIBC Asset Management Inc grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 77,878 shares of the business services provider’s stock after acquiring an additional 11,339 shares during the period. CIBC Asset Management Inc’s holdings in Broadridge Financial Solutions were worth $17,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC increased its stake in Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $39,000. Fulcrum Asset Management LLP bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at $47,000. Osterweis Capital Management Inc. acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth $48,000. Finally, Intact Investment Management Inc. bought a new position in Broadridge Financial Solutions during the fourth quarter worth about $67,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.9%

NYSE:BR opened at $153.98 on Friday. The company has a market cap of $17.81 billion, a P/E ratio of 16.49 and a beta of 0.88. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91. The business has a 50 day moving average price of $155.21 and a two-hundred day moving average price of $187.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) 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 analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid 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 payout ratio is presently 41.76%.

Analyst Ratings Changes

BR has been the subject of several recent analyst reports. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. UBS Group lowered their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Royal Bank Of Canada cut their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. DA Davidson lowered their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

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.