Anchor Capital Advisors LLC Cuts Position in Broadridge Financial Solutions, Inc. $BR

Anchor Capital Advisors LLC lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,630 shares of the business services provider’s stock after selling 4,143 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.14% of Broadridge Financial Solutions worth $39,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Broadridge Financial Solutions by 56.1% during the second quarter. Farther Finance Advisors LLC now owns 5,530 shares of the business services provider’s stock worth $1,344,000 after buying an additional 1,987 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Broadridge Financial Solutions by 37.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock valued at $4,708,000 after acquiring an additional 5,346 shares during the last quarter. Shell Asset Management Co. lifted its position in Broadridge Financial Solutions by 87.9% during the 2nd quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider’s stock worth $7,308,000 after acquiring an additional 14,067 shares during the period. Addenda Capital Inc. grew its stake in shares of Broadridge Financial Solutions by 28.6% in the 3rd quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock valued at $16,049,000 after purchasing an additional 14,942 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Broadridge Financial Solutions by 40.8% in the 2nd quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider’s stock valued at $52,900,000 after buying an additional 63,798 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the sale, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the transaction, the vice president directly owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on BR shares. UBS Group cut their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley lowered their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. Finally, DA Davidson reiterated a “neutral” rating and set a $240.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $259.83.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $209.15 on Wednesday. Broadridge Financial Solutions, Inc. has a 12-month low of $208.67 and a 12-month high of $271.91. The company’s 50-day moving average is $225.44 and its two-hundred day moving average is $236.66. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 26.78 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.32. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 49.94%.

Broadridge Financial Solutions 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.