Broadridge Financial Solutions, Inc. $BR Shares Bought by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 151.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,850 shares of the business services provider’s stock after acquiring an additional 20,400 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Broadridge Financial Solutions were worth $7,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Sepio Capital LP increased its holdings in shares of Broadridge Financial Solutions by 62.7% in the 4th quarter. Sepio Capital LP now owns 2,903 shares of the business services provider’s stock valued at $648,000 after acquiring an additional 1,119 shares during the last quarter. Nuveen LLC increased its holdings in shares of Broadridge Financial Solutions by 2.5% in the 4th quarter. Nuveen LLC now owns 385,671 shares of the business services provider’s stock valued at $86,070,000 after acquiring an additional 9,546 shares during the last quarter. Xponance LLC increased its holdings in shares of Broadridge Financial Solutions by 5.8% in the 4th quarter. Xponance LLC now owns 30,538 shares of the business services provider’s stock valued at $6,815,000 after acquiring an additional 1,680 shares during the last quarter. Lyell Wealth Management LP increased its holdings in shares of Broadridge Financial Solutions by 2.6% in the 4th quarter. Lyell Wealth Management LP now owns 40,619 shares of the business services provider’s stock valued at $9,065,000 after acquiring an additional 1,036 shares during the last quarter. Finally, GWN Securities Inc. bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $245,000. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Down 1.1%

NYSE:BR opened at $144.88 on Friday. Broadridge Financial Solutions, Inc. has a 1 year low of $139.79 and a 1 year high of $271.91. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 15.51 and a beta of 0.88. The business has a fifty day moving average of $153.92 and a 200-day moving average of $185.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94.

Broadridge Financial Solutions (NYSE:BR) last released 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. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business posted $2.44 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio is presently 41.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. DA Davidson lowered their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. UBS Group lowered their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Needham & Company LLC lowered their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.57.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.