Fifth Third Bancorp Has $10.50 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Fifth Third Bancorp grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 199.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 64,604 shares of the business services provider’s stock after purchasing an additional 43,048 shares during the period. Fifth Third Bancorp’s holdings in Broadridge Financial Solutions were worth $10,497,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BR. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at $25,000. Nemes Rush Group LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $28,000. WPG Advisers LLC increased its stake in shares of Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $36,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. 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. UBS Group cut their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Needham & Company LLC reduced 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $146.24 on Wednesday. The firm has a 50 day moving average of $146.30 and a 200-day moving average of $171.12. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $271.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $16.91 billion, a PE ratio of 15.66 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company posted $2.44 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

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.