Russell Investments Group Ltd. Raises Stake in Broadridge Financial Solutions, Inc. $BR

Russell Investments Group Ltd. raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.4% during the third quarter, Holdings Channel reports. The fund owned 159,783 shares of the business services provider’s stock after buying an additional 20,166 shares during the period. Russell Investments Group Ltd.’s holdings in Broadridge Financial Solutions were worth $38,048,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Inceptionr LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $909,000. Private Advisor Group LLC lifted its stake in Broadridge Financial Solutions by 5.6% in the third quarter. Private Advisor Group LLC now owns 2,106 shares of the business services provider’s stock worth $502,000 after purchasing an additional 111 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Broadridge Financial Solutions by 92.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 4,442 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 2,130 shares during the last quarter. Vinva Investment Management Ltd boosted its position in Broadridge Financial Solutions by 96.2% during the third quarter. Vinva Investment Management Ltd now owns 8,956 shares of the business services provider’s stock valued at $2,128,000 after buying an additional 4,391 shares during the period. Finally, Meiji Yasuda Life Insurance Co bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at about $234,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Timothy C. Gokey acquired 5,300 shares of Broadridge Financial Solutions stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 1.8%

NYSE:BR opened at $183.27 on Thursday. The company has a 50-day moving average price of $196.52 and a 200-day moving average price of $220.79. The stock has a market cap of $21.40 billion, a price-to-earnings ratio of 20.30 and a beta of 0.98. 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 12 month low of $163.71 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (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 company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $1.56 earnings per share. Broadridge Financial Solutions’s quarterly revenue 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. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be paid a $0.975 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a yield of 2.1%. Broadridge Financial Solutions’s payout ratio is presently 43.19%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lowered their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. DA Davidson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions 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.