Allstate Corp Boosts Stock Position in Broadridge Financial Solutions, Inc. $BR

Allstate Corp grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 100.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,652 shares of the business services provider’s stock after buying an additional 4,329 shares during the quarter. Allstate Corp’s holdings in Broadridge Financial Solutions were worth $1,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BR. Barclays PLC lifted its position in Broadridge Financial Solutions by 0.7% in the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after purchasing an additional 14,631 shares during the period. New York State Common Retirement Fund lifted its position in Broadridge Financial Solutions by 14.6% in the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock valued at $22,523,000 after purchasing an additional 12,024 shares during the period. JPMorgan Chase & Co. lifted its position in Broadridge Financial Solutions by 46.8% in the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after purchasing an additional 292,801 shares during the period. Nordea Investment Management AB lifted its position in Broadridge Financial Solutions by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after purchasing an additional 62,273 shares during the period. Finally, Caprock Group LLC acquired a new stake in Broadridge Financial Solutions in the third quarter valued at about $1,866,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.7%

Shares of NYSE BR opened at $149.61 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $139.79 and a 52-week high of $271.91. The firm has a fifty day moving average of $156.90 and a 200-day moving average of $190.25. The stock has a market capitalization of $17.30 billion, a PE ratio of 16.02 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last announced 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. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $2.44 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Analyst Ratings Changes

A number of equities research analysts have recently 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 report on Saturday, February 7th. DA Davidson reduced their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. UBS Group reduced their price target on shares of 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. Royal Bank Of Canada reduced their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $221.57.

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.