New York State Common Retirement Fund Has $22.52 Million Stake in Broadridge Financial Solutions, Inc. $BR

New York State Common Retirement Fund boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,567 shares of the business services provider’s stock after purchasing an additional 12,024 shares during the period. New York State Common Retirement Fund’s holdings in Broadridge Financial Solutions were worth $22,523,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $25,000. NewSquare Capital LLC lifted its stake in Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after acquiring an additional 51 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 57 shares in the last quarter. Bank of Jackson Hole Trust boosted its position in Broadridge Financial Solutions by 110.3% during the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after acquiring an additional 64 shares during the period. Finally, REAP Financial Group LLC grew its stake in Broadridge Financial Solutions by 59.1% during the 2nd quarter. REAP Financial Group LLC now owns 148 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 55 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

BR stock opened at $197.10 on Friday. The firm has a 50 day moving average of $222.05 and a two-hundred day moving average of $234.85. Broadridge Financial Solutions, Inc. has a 12 month low of $193.06 and a 12 month high of $271.91. The company has a market capitalization of $23.01 billion, a price-to-earnings ratio of 25.24 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.32. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio is 49.94%.

Analyst Ratings Changes

BR has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. UBS Group cut their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, DA Davidson dropped their price target on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $257.83.

Insider Activity

In related news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas P. Carey sold 10,214 shares of the 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 transaction, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. This trade represents a 62.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Company 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.