Berger Financial Group Inc Takes $5.09 Million Position in Broadridge Financial Solutions, Inc. $BR

Berger Financial Group Inc purchased a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the first quarter, Holdings Channel.com reports. The fund purchased 31,343 shares of the business services provider’s stock, valued at approximately $5,093,000.

Several other hedge funds have also made changes to their positions in BR. State Street Corp boosted its holdings in shares of Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock valued at $1,343,572,000 after acquiring an additional 375,699 shares during the period. Alliancebernstein L.P. increased 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 period. Geode Capital Management LLC lifted its position in Broadridge Financial Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock valued at $746,062,000 after purchasing an additional 12,524 shares during the last quarter. Barclays PLC lifted its position in Broadridge Financial Solutions by 1.8% in the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock valued at $448,118,000 after purchasing an additional 35,169 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Broadridge Financial Solutions by 6.6% during the 3rd quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock valued at $407,705,000 after purchasing an additional 105,696 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company’s stock, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Price Performance

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

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company posted $2.44 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BR shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. UBS Group lowered their target price on 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 downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. DA Davidson reduced their price target 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. Finally, Needham & Company LLC decreased their price target 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.