Geneos Wealth Management Inc. Trims Holdings in Broadridge Financial Solutions, Inc. $BR

Geneos Wealth Management Inc. reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 86.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 646 shares of the business services provider’s stock after selling 4,161 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Broadridge Financial Solutions were worth $105,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth about $28,000. WPG Advisers LLC increased its position in Broadridge Financial Solutions by 77.5% during the fourth 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, DV Equities LLC purchased a new position in Broadridge Financial Solutions during the fourth quarter worth about $37,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BR. UBS Group decreased their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Needham & Company LLC decreased their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. DA Davidson lowered their price objective on 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. Finally, Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average price target of $221.57.

Insider Transactions at Broadridge Financial Solutions

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

Broadridge Financial Solutions Trading Down 0.6%

Shares of BR stock opened at $144.10 on Thursday. 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 firm has a market cap of $16.67 billion, a PE ratio of 15.43 and a beta of 0.89. The company has a 50-day moving average of $146.13 and a two-hundred day moving average of $167.84. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business earned $2.44 earnings per share. The business’s revenue for the quarter 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, analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

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.