Broadridge Financial Solutions, Inc. $BR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 40.1% during the third quarter, Holdings Channel reports. The fund owned 17,999 shares of the business services provider’s stock after selling 12,070 shares during the quarter. Broadridge Financial Solutions comprises 0.4% of Shell Asset Management Co.’s portfolio, making the stock its 29th biggest holding. Shell Asset Management Co.’s holdings in Broadridge Financial Solutions were worth $4,287,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BR. First Horizon Corp acquired a new position in shares of Broadridge Financial Solutions in the third quarter valued at approximately $25,000. NewSquare Capital LLC raised its holdings in Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 51 shares during the last quarter. Guerra Advisors Inc purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth $29,000. Bank of Jackson Hole Trust boosted its holdings in shares of Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $173.55 on Friday. The firm’s fifty day simple moving average is $212.63 and its 200 day simple moving average is $230.42. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a twelve month low of $163.71 and a twelve month high of $271.91. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 19.22 and a beta of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $1.56 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BR. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Needham & Company LLC cut their price objective 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. JPMorgan Chase & Co. decreased their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group dropped their price target on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president directly owned 6,026 shares in the company, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the sale, the president owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,451 shares of company stock worth $3,290,773 in the last quarter. 1.10% of the stock is owned by corporate insiders.

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.