Lido Advisors LLC Reduces Position in Broadridge Financial Solutions, Inc. $BR

Lido Advisors LLC trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 62.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,556 shares of the business services provider’s stock after selling 15,602 shares during the quarter. Lido Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. State Street Corp raised its holdings in shares of Broadridge Financial Solutions by 6.7% in the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock worth $1,343,572,000 after buying an additional 375,699 shares during the period. Geode Capital Management LLC lifted its position in shares of Broadridge Financial Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock worth $746,062,000 after purchasing an additional 12,524 shares during the last quarter. Barclays PLC lifted its position in shares of Broadridge Financial Solutions by 1.8% during the fourth quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock worth $448,118,000 after purchasing an additional 35,169 shares during the last quarter. Northern Trust Corp lifted its holdings in Broadridge Financial Solutions by 6.6% during the 3rd quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock valued at $407,705,000 after buying an additional 105,696 shares in the last quarter. Finally, Norges Bank purchased a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $346,304,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BR. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. DA Davidson lowered their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Needham & Company LLC dropped their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, June 22nd. Finally, UBS Group decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $221.57.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $148.84 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average price of $146.21 and a 200-day moving average price of $166.78. Broadridge Financial Solutions, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $271.91. The stock has a market capitalization of $17.21 billion, a PE ratio of 15.94 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data 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. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

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

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.