SEB Asset Management AB Acquires Shares of 35,091 Broadridge Financial Solutions, Inc. $BR

SEB Asset Management AB acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,091 shares of the business services provider’s stock, valued at approximately $5,702,000.

Several other institutional investors have also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Broadridge Financial Solutions by 7.0% during the first quarter. Swiss National Bank now owns 342,500 shares of the business services provider’s stock valued at $55,649,000 after purchasing an additional 22,500 shares in the last quarter. Mediolanum International Funds Ltd grew its position in Broadridge Financial Solutions by 736.7% in the 1st quarter. Mediolanum International Funds Ltd now owns 44,837 shares of the business services provider’s stock worth $7,328,000 after purchasing an additional 39,478 shares in the last quarter. Kesler Norman & Wride LLC grew its position in Broadridge Financial Solutions by 15.1% in the 1st quarter. Kesler Norman & Wride LLC now owns 8,156 shares of the business services provider’s stock worth $1,325,000 after purchasing an additional 1,067 shares in the last quarter. Copeland Capital Management LLC increased its stake in Broadridge Financial Solutions by 9.3% in the 1st quarter. Copeland Capital Management LLC now owns 6,921 shares of the business services provider’s stock valued at $1,125,000 after buying an additional 590 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Broadridge Financial Solutions by 80.7% in the 1st quarter. Assetmark Inc. now owns 77,620 shares of the business services provider’s stock valued at $12,612,000 after buying an additional 34,658 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the business’s 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 sale, the insider directly owned 1 shares in the company, valued at $155. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

BR has been the topic of a number of research analyst reports. Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Needham & Company LLC cut their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. UBS Group reduced 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, DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.57.

Broadridge Financial Solutions Stock Down 0.6%

BR opened at $144.10 on Thursday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $271.91. The company’s 50-day moving average price is $146.13 and its two-hundred day moving average price is $167.84. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 15.43 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

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

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 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.