Alps Advisors Inc. Acquires 6,233 Shares of Broadridge Financial Solutions, Inc. $BR

Alps Advisors Inc. grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 395.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,809 shares of the business services provider’s stock after acquiring an additional 6,233 shares during the quarter. Alps Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $1,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in Broadridge Financial Solutions by 14.6% during the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock worth $22,523,000 after buying an additional 12,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Broadridge Financial Solutions by 37.1% during the 3rd 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 purchasing an additional 5,346 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Broadridge Financial Solutions by 637.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 50,317 shares of the business services provider’s stock worth $11,984,000 after purchasing an additional 43,494 shares during the period. Addenda Capital Inc. grew its holdings in Broadridge Financial Solutions by 28.6% during the 3rd quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock valued at $16,049,000 after purchasing an additional 14,942 shares during the last quarter. Finally, Nordea Investment Management AB raised 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 worth $52,900,000 after purchasing an additional 63,798 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the transaction, the director owned 20,815 shares of the company’s stock, valued at $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Christopher John Perry sold 3,984 shares of the company’s 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 sale, the president owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. This represents a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,451 shares of company stock valued at $3,290,773 over the last ninety days. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $172.58 on Wednesday. The firm has a market cap of $20.15 billion, a P/E ratio of 19.11 and a beta of 0.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 12 month low of $171.24 and a 12 month high of $271.91. The stock’s fifty day moving average price is $216.25 and its 200-day moving average price is $231.96.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.3%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

Analysts Set New Price Targets

Several analysts have issued reports on BR shares. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley decreased 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 note on Wednesday, November 5th. Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. UBS Group cut their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.71.

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.