Hsbc Holdings PLC Buys 29,272 Shares of Broadridge Financial Solutions, Inc. $BR

Hsbc Holdings PLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 12.9% in the first quarter, Holdings Channel reports. The firm owned 256,335 shares of the business services provider’s stock after acquiring an additional 29,272 shares during the period. Hsbc Holdings PLC’s holdings in Broadridge Financial Solutions were worth $41,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Patton Fund Management Inc. lifted its stake in shares of Broadridge Financial Solutions by 5.3% in the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock worth $217,000 after buying an additional 49 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in Broadridge Financial Solutions by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after buying an additional 50 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Broadridge Financial Solutions by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after buying an additional 61 shares during the last quarter. WPG Advisers LLC raised its holdings in Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after acquiring an additional 62 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC raised its holdings in Broadridge Financial Solutions by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson cut their target price 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price target 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 research note on Monday, May 11th. UBS Group cut their price objective on 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, Needham & Company LLC decreased their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $149.90 on Tuesday. The business has a fifty day simple moving average of $146.21 and a 200 day simple moving average of $168.95. 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 firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The firm 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 business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.