BI Asset Management Fondsmaeglerselskab A S Raises Stake in Broadridge Financial Solutions, Inc. $BR

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 86.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,744 shares of the business services provider’s stock after acquiring an additional 8,700 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Broadridge Financial Solutions were worth $4,183,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BR. Alliancebernstein L.P. lifted its holdings in shares of Broadridge Financial Solutions by 692.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after acquiring an additional 3,224,891 shares during the last quarter. Norges Bank bought a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $346,304,000. Van ECK Associates Corp raised its position in Broadridge Financial Solutions by 3,228.4% in the 3rd quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock worth $166,846,000 after purchasing an additional 679,489 shares during the period. Pinebridge Investments LLC purchased a new position in Broadridge Financial Solutions in the 4th quarter worth $126,553,000. Finally, JPMorgan Chase & Co. lifted its stake 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 worth $218,807,000 after purchasing an additional 292,801 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson cut 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. Needham & Company LLC lowered their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. UBS Group dropped their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada decreased their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $151.49 on Monday. The company’s fifty day simple moving average is $154.98 and its two-hundred day simple moving average is $187.30. Broadridge Financial Solutions, Inc. has a 12-month low of $139.79 and a 12-month high of $271.91. The firm has a market cap of $17.52 billion, a PE ratio of 16.22 and a beta of 0.88. 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 posted its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm 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 $0.975 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.90 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 41.76%.

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.