Earnest Partners LLC Trims Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Earnest Partners LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356,929 shares of the business services provider’s stock after selling 8,720 shares during the quarter. Earnest Partners LLC’s holdings in Broadridge Financial Solutions were worth $85,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in shares of Broadridge Financial Solutions by 692.3% in the third 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. Van ECK Associates Corp raised its stake in shares of Broadridge Financial Solutions by 3,228.4% during the 3rd quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock valued at $166,846,000 after purchasing an additional 679,489 shares during the period. Norges Bank purchased a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $123,812,000. Vanguard Group Inc. lifted its holdings in Broadridge Financial Solutions by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after purchasing an additional 298,273 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Broadridge Financial Solutions by 46.8% in the 3rd 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 period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $178.40 on Monday. The stock’s 50-day simple moving average is $194.76 and its two-hundred day simple moving average is $219.41. Broadridge Financial Solutions, Inc. has a twelve month low of $163.71 and a twelve month high of $271.91. The firm has a market capitalization of $20.83 billion, a P/E ratio of 19.76 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. Broadridge Financial Solutions’s revenue was up 7.9% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be given a dividend of $0.975 per share. The ex-dividend date is Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.2%. Broadridge Financial Solutions’s payout ratio is presently 43.19%.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey acquired 5,300 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BR shares. Raymond James Financial reaffirmed an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. reduced their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Needham & Company LLC decreased their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $247.71.

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.