ING Groep NV Purchases 38,286 Shares of Broadridge Financial Solutions, Inc. $BR

ING Groep NV grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 157.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 62,642 shares of the business services provider’s stock after acquiring an additional 38,286 shares during the quarter. ING Groep NV’s holdings in Broadridge Financial Solutions were worth $14,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Broadridge Financial Solutions in the fourth quarter valued at $580,000. Empowered Funds LLC grew its stake in shares of Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after buying an additional 1,160 shares during the last quarter. Woodline Partners LP boosted its position in shares of Broadridge Financial Solutions by 6.9% during the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock valued at $2,397,000 after buying an additional 635 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 480.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after buying an additional 2,106 shares during the period. Finally, IFP Advisors Inc grew its position in Broadridge Financial Solutions by 13.9% during the second quarter. IFP Advisors Inc now owns 2,136 shares of the business services provider’s stock valued at $564,000 after buying an additional 260 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $167.82 on Thursday. Broadridge Financial Solutions, Inc. has a 12 month low of $165.96 and a 12 month high of $271.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $19.59 billion, a PE ratio of 18.58 and a beta of 0.97. The business’s fifty day moving average price is $215.00 and its 200 day moving average price is $231.51.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results 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 net margin of 14.86% and a return on equity of 40.70%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 7.9% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction 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 sale, the vice president owned 6,026 shares in the company, valued at $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,451 shares of company stock valued at $3,290,773. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Needham & Company LLC reduced their price objective on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. 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. JPMorgan Chase & Co. cut their price target on 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. Finally, UBS Group cut their price objective on 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. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $247.71.

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.