AdvisorShares Investments LLC Sells 4,958 Shares of Broadridge Financial Solutions, Inc. $BR

AdvisorShares Investments LLC lowered its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,892 shares of the business services provider’s stock after selling 4,958 shares during the quarter. AdvisorShares Investments LLC’s holdings in Broadridge Financial Solutions were worth $4,694,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB grew its stake in shares of Broadridge Financial Solutions by 27.3% during the 4th 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. SG Americas Securities LLC increased its position in shares of Broadridge Financial Solutions by 467.2% during the 4th quarter. SG Americas Securities LLC now owns 201,791 shares of the business services provider’s stock valued at $45,034,000 after purchasing an additional 166,212 shares during the last quarter. Strs Ohio lifted its stake in shares of Broadridge Financial Solutions by 22.0% in the 4th quarter. Strs Ohio now owns 38,791 shares of the business services provider’s stock worth $8,657,000 after purchasing an additional 7,005 shares during the period. Junto Capital Management LP bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $64,752,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Broadridge Financial Solutions by 8.8% in the third quarter. Ameriprise Financial Inc. now owns 1,239,881 shares of the business services provider’s stock worth $294,745,000 after buying an additional 100,348 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.1%

Shares of NYSE:BR opened at $143.88 on Friday. The stock has a 50 day moving average of $147.53 and a 200 day moving average of $175.44. The company has a market cap of $16.64 billion, a PE ratio of 15.40 and a beta of 0.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the business earned $2.44 EPS. The firm’s 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. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

Analysts Set New Price Targets

BR has been the subject of several recent research reports. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. UBS Group decreased 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. 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. DA Davidson cut their price objective 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares in the company, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

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.