Broadridge Financial Solutions, Inc. $BR Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.2% in the 3rd quarter, Holdings Channel reports. The fund owned 436,784 shares of the business services provider’s stock after selling 5,521 shares during the period. CIBC Private Wealth Group LLC’s holdings in Broadridge Financial Solutions were worth $104,029,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its stake 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 valued at $879,015,000 after purchasing an additional 3,224,891 shares during the period. Van ECK Associates Corp lifted its holdings in Broadridge Financial Solutions by 3,228.4% in the 3rd quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock worth $166,846,000 after buying an additional 679,489 shares in the last quarter. Norges Bank purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $123,812,000. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 2.0% during the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after acquiring an additional 298,273 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Broadridge Financial Solutions by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after acquiring an additional 292,801 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.3%

NYSE:BR opened at $178.14 on Wednesday. The company has a market cap of $20.80 billion, a PE ratio of 19.73 and a beta of 0.98. The business’s 50 day moving average is $193.00 and its two-hundred day moving average is $218.31. 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, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned $1.56 EPS. The business’s quarterly 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. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 43.19%.

Analyst Ratings Changes

BR has been the topic of several analyst reports. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Raymond James Financial reissued an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. DA Davidson restated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Needham & Company LLC cut their price target 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, JPMorgan Chase & Co. reduced their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Insider Transactions at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the acquisition, the chief executive officer owned 142,876 shares of the company’s stock, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the sale, the director owned 20,815 shares in the company, valued at $4,008,969. The trade was 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 corporate insiders.

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.