Marks Group Wealth Management Inc Has $7.41 Million Position in Broadridge Financial Solutions, Inc. $BR

Marks Group Wealth Management Inc lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,179 shares of the business services provider’s stock after selling 3,625 shares during the period. Marks Group Wealth Management Inc’s holdings in Broadridge Financial Solutions were worth $7,405,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Broadridge Financial Solutions by 4.3% during the fourth quarter. LPL Financial LLC now owns 334,939 shares of the business services provider’s stock valued at $74,748,000 after buying an additional 13,941 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Broadridge Financial Solutions by 52.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after buying an additional 485,297 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $27,000. Havemeyer Place LP acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at about $703,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Broadridge Financial Solutions by 86.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 18,744 shares of the business services provider’s stock valued at $4,183,000 after buying an additional 8,700 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada dropped their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. 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. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, DA Davidson dropped 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 report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling

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

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $148.89 on Tuesday. Broadridge Financial Solutions, Inc. has a 12-month low of $139.79 and a 12-month high of $271.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $17.22 billion, a PE ratio of 15.94 and a beta of 0.88. The firm has a 50-day moving average price of $154.76 and a 200 day moving average price of $186.76.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.09. The firm had revenue of $1.95 billion during 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Research analysts anticipate 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 will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $0.975 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 41.76%.

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.