12,292 Shares in Broadridge Financial Solutions, Inc. $BR Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,292 shares of the business services provider’s stock, valued at approximately $1,997,000.

A number of other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Broadridge Financial Solutions by 0.7% in the 3rd quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after purchasing an additional 14,631 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Broadridge Financial Solutions by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock worth $65,260,000 after purchasing an additional 62,273 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Broadridge Financial Solutions by 467.2% during the fourth quarter. SG Americas Securities LLC now owns 201,791 shares of the business services provider’s stock worth $45,034,000 after purchasing an additional 166,212 shares during the period. Strs Ohio grew its position in Broadridge Financial Solutions by 22.0% in the 4th quarter. Strs Ohio now owns 38,791 shares of the business services provider’s stock valued at $8,657,000 after buying an additional 7,005 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in Broadridge Financial Solutions during the 3rd quarter worth $64,752,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on BR shares. UBS Group reduced their target price on shares of 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. DA Davidson dropped their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Needham & Company LLC cut their target price 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a report on Monday, June 22nd. Finally, Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $221.57.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $138.61 on Monday. The stock has a fifty day moving average price of $149.65 and a 200 day moving average price of $178.17. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $16.03 billion, a PE ratio of 14.84 and a beta of 0.88. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. Broadridge Financial Solutions’s revenue 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. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 41.76%.

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.