Hsbc Holdings PLC Purchases 5,240 Shares of Broadridge Financial Solutions, Inc. $BR

Hsbc Holdings PLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 339,319 shares of the business services provider’s stock after buying an additional 5,240 shares during the quarter. Hsbc Holdings PLC owned about 0.29% of Broadridge Financial Solutions worth $82,083,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $580,000. Guggenheim Capital LLC raised its position in shares of Broadridge Financial Solutions by 16.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider’s stock valued at $428,000 after buying an additional 270 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Broadridge Financial Solutions by 38.0% in the fourth quarter. GeoWealth Management LLC now owns 410 shares of the business services provider’s stock valued at $93,000 after buying an additional 113 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Broadridge Financial Solutions by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 971,780 shares of the business services provider’s stock valued at $219,709,000 after buying an additional 26,206 shares during the period. Finally, MML Investors Services LLC grew its position in Broadridge Financial Solutions by 37.2% during the fourth quarter. MML Investors Services LLC now owns 48,624 shares of the business services provider’s stock worth $10,993,000 after buying an additional 13,176 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 11,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $259.29, for a total transaction of $2,852,190.00. Following the sale, the chief executive officer owned 154,634 shares of the company’s stock, valued at approximately $40,095,049.86. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the transaction, the president owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 150,470 shares of company stock worth $39,026,774. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BR shares. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. UBS Group raised their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Needham & Company LLC upped their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $261.50.

Broadridge Financial Solutions Price Performance

Shares of BR stock opened at $262.2960 on Thursday. The business has a fifty day simple moving average of $246.55 and a 200 day simple moving average of $240.27. The company has a market cap of $30.72 billion, a P/E ratio of 37.00 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Broadridge Financial Solutions, Inc. has a twelve month low of $206.95 and a twelve month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping the consensus estimate of $3.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s payout ratio is currently 49.65%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.