Franklin Resources Inc. Lowers Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Franklin Resources Inc. trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,188 shares of the business services provider’s stock after selling 258,560 shares during the quarter. Franklin Resources Inc.’s holdings in Broadridge Financial Solutions were worth $93,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $27,000. WPG Advisers LLC lifted its holdings in shares of Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $39,000. Fulcrum Asset Management LLP purchased a new stake in shares of Broadridge Financial Solutions in the third quarter worth about $47,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Broadridge Financial Solutions in the second quarter worth about $48,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the 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 transaction, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Down 2.5%

BR stock opened at $146.36 on Thursday. 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 company’s 50 day moving average is $154.27 and its 200 day moving average is $185.66. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 15.67 and a beta of 0.88. Broadridge Financial Solutions, Inc. has a 1-year low of $139.79 and a 1-year high of $271.91.

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 for the quarter, topping the consensus estimate of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC lowered their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. 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. Royal Bank Of Canada decreased their price objective on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $221.57.

About Broadridge Financial Solutions

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.