Janus Henderson Group PLC Has $403.63 Million Position in Broadridge Financial Solutions, Inc. $BR

Janus Henderson Group PLC lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,484,197 shares of the business services provider’s stock after selling 150,731 shares during the period. Janus Henderson Group PLC’s holdings in Broadridge Financial Solutions were worth $403,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BR. Bull Harbor Capital LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at approximately $209,000. South Dakota Investment Council bought a new stake in shares of Broadridge Financial Solutions during the first quarter valued at approximately $764,000. Smith Group Asset Management LLC bought a new stake in shares of Broadridge Financial Solutions during the first quarter valued at approximately $301,000. Amundi raised its stake in shares of Broadridge Financial Solutions by 67.5% in the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock valued at $172,070,000 after purchasing an additional 426,587 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Broadridge Financial Solutions by 118.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,707 shares of the business services provider’s stock worth $440,000 after buying an additional 1,469 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BR. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Needham & Company LLC dropped their price target on shares of 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. DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, UBS Group decreased their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

Broadridge Financial Solutions Stock Down 2.7%

Shares of NYSE BR opened at $154.87 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week 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 business has a fifty day moving average of $146.73 and a two-hundred day moving average of $164.94. The stock has a market cap of $17.91 billion, a PE ratio of 16.58 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last posted its 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $0.975 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.5%. Broadridge Financial Solutions’s payout ratio is 41.76%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company 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.