Lido Advisors LLC Reduces Position in Broadridge Financial Solutions, Inc. $BR

Lido Advisors LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,556 shares of the business services provider’s stock after selling 15,602 shares during the period. Lido Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BR. Walleye Capital LLC bought a new stake in Broadridge Financial Solutions during the 1st quarter worth approximately $4,414,000. State of Wyoming increased its stake in shares of Broadridge Financial Solutions by 14.8% in the first quarter. State of Wyoming now owns 706 shares of the business services provider’s stock worth $115,000 after purchasing an additional 91 shares in the last quarter. Southernsun Asset Management LLC raised its position in shares of Broadridge Financial Solutions by 1.0% during the 1st quarter. Southernsun Asset Management LLC now owns 45,254 shares of the business services provider’s stock valued at $7,353,000 after purchasing an additional 454 shares during the period. First Trust Advisors LP lifted its stake in shares of Broadridge Financial Solutions by 3.0% during the 1st quarter. First Trust Advisors LP now owns 227,485 shares of the business services provider’s stock valued at $36,962,000 after buying an additional 6,608 shares in the last quarter. Finally, Westpac Banking Corp boosted its holdings in Broadridge Financial Solutions by 173.1% in the 1st quarter. Westpac Banking Corp now owns 31,062 shares of the business services provider’s stock worth $5,047,000 after buying an additional 19,690 shares during the period. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of a number of analyst reports. Needham & Company LLC cut 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. UBS Group lowered their price objective 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 lowered their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $221.57.

Broadridge Financial Solutions Stock Down 0.1%

NYSE BR opened at $148.84 on Monday. The stock has a 50 day moving average price of $146.21 and a 200-day moving average price of $166.78. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $17.21 billion, a P/E ratio of 15.94 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results 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 company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $0.975 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

Insider Activity at Broadridge Financial Solutions

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 value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

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.