Allstate Corp Purchases Shares of 4,323 Broadridge Financial Solutions, Inc. $BR

Allstate Corp bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,323 shares of the business services provider’s stock, valued at approximately $1,030,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BR. Farther Finance Advisors LLC raised its holdings in Broadridge Financial Solutions by 56.1% during the second quarter. Farther Finance Advisors LLC now owns 5,530 shares of the business services provider’s stock worth $1,344,000 after buying an additional 1,987 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Broadridge Financial Solutions by 37.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock worth $4,708,000 after acquiring an additional 5,346 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Broadridge Financial Solutions by 87.9% during the second quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider’s stock worth $7,308,000 after acquiring an additional 14,067 shares in the last quarter. Addenda Capital Inc. raised its holdings in shares of Broadridge Financial Solutions by 28.6% in the 3rd quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock worth $16,049,000 after acquiring an additional 14,942 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Broadridge Financial Solutions by 40.8% in the 2nd quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider’s stock valued at $52,900,000 after acquiring an additional 63,798 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In other news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the transaction, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the sale, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. This trade represents a 62.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BR shares. UBS Group cut their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. DA Davidson restated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 29th. Morgan Stanley lowered their price target on 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. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus price target of $259.83.

Broadridge Financial Solutions Trading Down 1.1%

Shares of BR opened at $206.92 on Thursday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $204.93 and a fifty-two week high of $271.91. The business has a 50-day moving average of $225.11 and a 200 day moving average of $236.45. The firm has a market cap of $24.15 billion, a P/E ratio of 26.49 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 earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.32. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. 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. As a group, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 12th were paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s payout ratio is currently 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.