Corient Private Wealth LLC Has $104.51 Million Stake in Broadridge Financial Solutions, Inc. $BR

Corient Private Wealth LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 466,796 shares of the business services provider’s stock after buying an additional 11,012 shares during the period. Corient Private Wealth LLC’s holdings in Broadridge Financial Solutions were worth $104,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Broadridge Financial Solutions by 692.3% during the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after purchasing an additional 3,224,891 shares in the last quarter. Norges Bank bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at $346,304,000. Van ECK Associates Corp raised its stake in Broadridge Financial Solutions by 110.6% during the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after buying an additional 774,747 shares during the period. Pinebridge Investments LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth $126,553,000. Finally, JPMorgan Chase & Co. raised its stake in Broadridge Financial Solutions by 52.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after buying an additional 485,297 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction dated 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 $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Broadridge Financial Solutions Trading Down 0.2%

Shares of NYSE:BR opened at $137.34 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $135.98 and a 12 month high of $271.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $151.55 and its 200 day simple moving average is $181.73. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 14.70 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.63 by $0.09. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s payout ratio 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.