Marks Group Wealth Management Inc Has $7.41 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Marks Group Wealth Management Inc cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,179 shares of the business services provider’s stock after selling 3,625 shares during the period. Marks Group Wealth Management Inc’s holdings in Broadridge Financial Solutions were worth $7,405,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock worth $3,643,058,000 after acquiring an additional 264,620 shares during the last quarter. Alliancebernstein L.P. raised its position in Broadridge Financial Solutions by 692.3% in the 3rd 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 during the last quarter. Geode Capital Management LLC raised its position in Broadridge Financial Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock worth $746,062,000 after purchasing an additional 12,524 shares during the last quarter. Barclays PLC raised its position in Broadridge Financial Solutions by 0.7% in the 3rd quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock worth $469,862,000 after purchasing an additional 14,631 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Broadridge Financial Solutions by 8.6% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,901,022 shares of the business services provider’s stock worth $452,766,000 after purchasing an additional 149,756 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BR shares. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. DA Davidson dropped 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. Needham & Company LLC dropped their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. UBS Group dropped their price objective on shares of 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $221.57.

Broadridge Financial Solutions Stock Down 1.6%

Shares of NYSE:BR opened at $148.89 on Tuesday. Broadridge Financial Solutions, Inc. has a one year low of $139.79 and a one year high of $271.91. The company has a 50 day moving average of $154.76 and a 200-day moving average of $186.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 15.94 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping 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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company earned $2.44 EPS. Broadridge Financial Solutions’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is currently 41.76%.

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.