Broadridge Financial Solutions, Inc. $BR Holdings Reduced by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,164 shares of the business services provider’s stock after selling 2,685 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Broadridge Financial Solutions were worth $9,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Broadridge Financial Solutions during the second quarter worth approximately $123,812,000. Vanguard Group Inc. boosted its position 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 acquiring an additional 298,273 shares during the period. McElhenny Sheffield Capital Management LLC bought a new position in shares of Broadridge Financial Solutions in the second quarter worth $53,467,000. Rakuten Investment Management Inc. bought a new position in shares of Broadridge Financial Solutions in the third quarter worth $41,635,000. Finally, Bank of America Corp DE increased its holdings in shares of Broadridge Financial Solutions by 24.2% during the second quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock valued at $206,795,000 after purchasing an additional 165,965 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.6%

BR stock opened at $208.83 on Tuesday. The firm has a market cap of $24.38 billion, a PE ratio of 26.74 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12 month low of $204.61 and a 12 month high of $271.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $224.10 and a 200 day simple moving average of $235.80.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.32. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were given a dividend of $0.975 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.9%. Broadridge Financial Solutions’s payout ratio is 49.94%.

Analysts Set New Price Targets

BR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a report on Friday. UBS Group lowered their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $257.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the sale, the president owned 44,829 shares in the company, valued at approximately $10,131,354. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the sale, the vice president directly owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

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.