Principal Financial Group Inc. Sells 104,871 Shares of Broadridge Financial Solutions, Inc. $BR

Principal Financial Group Inc. lessened its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 27.1% in the fourth quarter, HoldingsChannel reports. The fund owned 282,152 shares of the business services provider’s stock after selling 104,871 shares during the quarter. Principal Financial Group Inc.’s holdings in Broadridge Financial Solutions were worth $62,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. grew its position in Broadridge Financial Solutions by 127.7% in the 4th quarter. QRG Capital Management Inc. now owns 12,497 shares of the business services provider’s stock valued at $2,789,000 after purchasing an additional 7,009 shares during the period. Varma Mutual Pension Insurance Co acquired a new position in Broadridge Financial Solutions during the fourth quarter worth $14,707,000. Advisors Preferred LLC lifted its stake in shares of Broadridge Financial Solutions by 21.4% in the fourth quarter. Advisors Preferred LLC now owns 1,204 shares of the business services provider’s stock valued at $265,000 after buying an additional 212 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $67,000. Finally, Fenimore Asset Management Inc grew its holdings in shares of Broadridge Financial Solutions by 1.5% during the fourth quarter. Fenimore Asset Management Inc now owns 323,621 shares of the business services provider’s stock valued at $72,222,000 after buying an additional 4,830 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $152.71 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 16.35 and a beta of 0.89. The stock has a 50 day moving average of $167.76 and a 200 day moving average of $198.42. Broadridge Financial Solutions, Inc. has a 12 month low of $149.05 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.09. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.51 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Monday, March 16th were issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, March 16th. Broadridge Financial Solutions’s payout ratio is 41.76%.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey acquired 5,300 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $194.49 per share, for a total transaction 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 approximately $27,787,953.24. This represents a 3.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BR has been the topic of several recent research reports. UBS Group dropped 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. Royal Bank Of Canada lowered their price objective on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Finally, Needham & Company LLC lowered their price target on 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and a consensus price target 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.