Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Broadridge Financial Solutions, Inc. $BR

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 37.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,769 shares of the business services provider’s stock after purchasing an additional 5,346 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Broadridge Financial Solutions were worth $4,708,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BR. Vanguard Group Inc. grew its position in Broadridge Financial Solutions by 2.0% in 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 acquiring an additional 298,273 shares during the period. State Street Corp lifted its stake in shares of Broadridge Financial Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock valued at $1,376,006,000 after purchasing an additional 35,061 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Broadridge Financial Solutions by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock worth $797,031,000 after purchasing an additional 136,386 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Broadridge Financial Solutions by 3.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider’s stock worth $425,610,000 after purchasing an additional 61,659 shares during the period. Finally, Invesco Ltd. increased its position in shares of Broadridge Financial Solutions by 2.5% during the 2nd quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider’s stock worth $356,470,000 after purchasing an additional 36,355 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on BR shares. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Morgan Stanley lowered their price objective on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. DA Davidson reiterated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Finally, UBS Group cut their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $259.83.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the sale, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the transaction, the president owned 44,829 shares of the company’s stock, valued at $10,131,354. This represents a 8.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Up 0.1%

Shares of BR stock opened at $223.21 on Monday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $212.33 and a fifty-two week high of $271.91. The company has a 50 day moving average price of $225.76 and a 200 day moving average price of $237.77. The stock has a market capitalization of $26.05 billion, a P/E ratio of 28.58 and a beta of 0.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. The company had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 12th were issued a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 annualized dividend and a yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio is 49.94%.

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.