CIBC Asset Management Inc Acquires 11,339 Shares of Broadridge Financial Solutions, Inc. $BR

CIBC Asset Management Inc grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,878 shares of the business services provider’s stock after purchasing an additional 11,339 shares during the period. CIBC Asset Management Inc owned approximately 0.07% of Broadridge Financial Solutions worth $17,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BR. WPG Advisers LLC grew its position in Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at $39,000. Fulcrum Asset Management LLP acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at $47,000. Osterweis Capital Management Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at $48,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $67,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

Shares of BR stock opened at $153.98 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 16.49 and a beta of 0.88. The firm’s 50 day moving average is $155.21 and its 200-day moving average is $187.81. Broadridge Financial Solutions, Inc. has a 1 year low of $139.79 and a 1 year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.09. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, June 12th. Broadridge Financial Solutions’s payout ratio is currently 41.76%.

Analyst Ratings Changes

Several brokerages recently issued reports on BR. Royal Bank Of Canada cut 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 report on Friday, May 1st. UBS Group reduced their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target 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.