Broadridge Financial Solutions, Inc. $BR Stock: Sumitomo Mitsui Trust Group Inc. Grows Position

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,671 shares of the business services provider’s stock after purchasing an additional 23,741 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Broadridge Financial Solutions were worth $43,927,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BR. Envestnet Portfolio Solutions Inc. raised its position in Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider’s stock worth $2,050,000 after acquiring an additional 10,266 shares in the last quarter. Western Wealth Management LLC bought a new stake in Broadridge Financial Solutions in the first quarter worth approximately $959,000. Andra AP fonden grew its holdings in Broadridge Financial Solutions by 96.5% during the second quarter. Andra AP fonden now owns 170,757 shares of the business services provider’s stock valued at $23,385,000 after purchasing an additional 83,857 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Broadridge Financial Solutions by 29.9% in the first quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock valued at $7,869,000 after acquiring an additional 11,152 shares during the period. Finally, UNIVEST FINANCIAL Corp acquired a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $8,227,000. 90.03% of the stock is currently owned by institutional investors.

Key Broadridge Financial Solutions News

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Broadridge reported fiscal Q1 2027 adjusted EPS of $1.56, above the $1.37 consensus, and revenue of $1.67 billion, also ahead of estimates. Recurring revenue rose 11%, and closed sales increased 10% to $36 million. Management reaffirmed its fiscal 2027 outlook, including 6%–8% recurring-revenue growth and 8%–12% adjusted EPS growth. Broadridge Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Broadridge is working with the NYSE on on-chain shareholder services for tokenized securities, including shareholder voting. The partnership could position the company to benefit as financial markets adopt tokenization and blockchain-based services. NYSE Partners with Broadridge for On-Chain Shareholder Services
• Neutral Sentiment: JPMorgan raised its price target to $201 from $191 but kept a neutral rating. Morgan Stanley lifted its target to $181 from $176 while maintaining an equal-weight rating, reflecting continued caution despite the increases. JPMorgan analyst recommendation
• Negative Sentiment: Underlying profitability showed pressure: operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also decreased year over year, although adjusted EPS grew 3%. Quarterly results

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the transaction, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Broadridge Financial Solutions from $191.00 to $201.00 and gave the stock a “neutral” rating in a report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $214.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. UBS Group reissued a “neutral” rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Weiss Ratings raised shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.71.

Broadridge Financial Solutions Stock Up 3.2%

Shares of NYSE:BR opened at $189.58 on Thursday. The stock’s 50-day moving average price is $171.72 and its 200-day moving average price is $166.06. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $233.10. The stock has a market capitalization of $21.40 billion, a P/E ratio of 20.95 and a beta of 0.90. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 1.28.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.56 earnings per share for the current year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.