Korea Investment CORP Has $16.91 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Korea Investment CORP trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.1% during the third quarter, Holdings Channel.com reports. The fund owned 71,015 shares of the business services provider’s stock after selling 38,375 shares during the quarter. Korea Investment CORP’s holdings in Broadridge Financial Solutions were worth $16,914,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Broadridge Financial Solutions in the second quarter worth $123,812,000. Vanguard Group Inc. lifted its position in Broadridge Financial Solutions by 2.0% during the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after purchasing an additional 298,273 shares during the period. JPMorgan Chase & Co. lifted its position in Broadridge Financial Solutions by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after purchasing an additional 292,801 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Broadridge Financial Solutions during the third quarter worth about $41,635,000. Finally, Bank of America Corp DE grew its stake in Broadridge Financial Solutions by 24.2% during the second quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock worth $206,795,000 after buying an additional 165,965 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

More Broadridge Financial Solutions News

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: CEO Timothy Gokey bought 5,300 shares (~$1.03M at ~$194.49), increasing his stake to ~142,876 shares — a strong insider signal of conviction from top management. Broadridge CEO Gokey buys $1m+ in company stock
• Positive Sentiment: Broadridge expanded NYFIX order-routing by integrating Crypto.com (first crypto trading connection in Asia) — a revenue/market access positive that leverages Broadridge’s FIX network and supports growth in crypto institutional flow. Broadridge and Crypto.com Connect to Enable Crypto Order Routing for Brokers Globally via NYFIX
• Neutral Sentiment: Management presented at the Wolfe Research FinTech Forum (transcript available) — useful for incremental detail on strategy, product pipeline and margin outlook but not a catalyst by itself. Wolfe Research FinTech Forum Transcript
• Neutral Sentiment: Board declared quarterly dividend of $0.975/share (record Mar 16, pay Apr 8) — supports income-oriented holders but is a routine distribution (annualized yield ~2.0–2.1%).
• Negative Sentiment: Short interest rose significantly in February (up ~23% vs. Feb 12 to ~3.30M shares; ~2.9% of float; ~2.5 days to cover). That increase in bearish bets likely amplified selling pressure and contributed to today’s price decline.

Insiders Place Their Bets

In related news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was 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 of the company’s stock, valued at $4,008,969. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy C. Gokey acquired 5,300 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the transaction, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

BR has been the subject of several analyst reports. Needham & Company LLC dropped their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings cut 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 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Stock Down 1.2%

Shares of NYSE BR opened at $186.71 on Wednesday. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 20.68 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 12 month low of $163.71 and a 12 month high of $271.91. The stock has a 50-day moving average price of $197.32 and a two-hundred day moving average price of $221.05.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. 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. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be given a $0.975 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a yield of 2.1%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

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.