14,245 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,245 shares of the business services provider’s stock, valued at approximately $3,393,000.

Several other large investors have also made changes to their positions in the company. First Horizon Corp acquired a new stake in Broadridge Financial Solutions in the third quarter worth about $25,000. NewSquare Capital LLC lifted its holdings in Broadridge Financial Solutions by 89.5% in the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after buying an additional 51 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares during the last quarter. Bank of Jackson Hole Trust grew its holdings in Broadridge Financial Solutions by 110.3% during the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after acquiring an additional 64 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Broadridge Financial Solutions by 59.1% during the 2nd quarter. REAP Financial Group LLC now owns 148 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the sale, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the transaction, the president owned 44,829 shares in the company, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BR shares. Morgan Stanley decreased their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group lowered their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Finally, DA Davidson lowered their price objective on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $257.83.

Broadridge Financial Solutions Stock Down 4.4%

NYSE:BR opened at $195.81 on Friday. The company has a market cap of $22.86 billion, a PE ratio of 25.07 and a beta of 0.99. The stock has a 50-day simple moving average of $222.67 and a 200 day simple moving average of $235.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52-week low of $193.06 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.32. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were paid a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.0%. Broadridge Financial Solutions’s dividend payout ratio is currently 49.94%.

About Broadridge Financial Solutions

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.