Allstate Corp Takes Position in Broadridge Financial Solutions, Inc. $BR

Allstate Corp bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,323 shares of the business services provider’s stock, valued at approximately $1,030,000.

A number of other institutional investors also recently bought and sold shares of the business. First Horizon Corp acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $25,000. NewSquare Capital LLC increased its stake in Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. ORG Partners LLC raised its position in Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after acquiring an additional 90 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. Finally, Bank of Jackson Hole Trust lifted its stake in shares of Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after buying an additional 64 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BR shares. Morgan Stanley cut their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson restated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, October 28th. Finally, UBS Group dropped their price target on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $259.83.

Broadridge Financial Solutions Stock Down 1.1%

Shares of BR opened at $206.92 on Thursday. The business’s fifty day moving average price is $225.11 and its two-hundred day moving average price is $236.45. Broadridge Financial Solutions, Inc. has a 52 week low of $204.93 and a 52 week high of $271.91. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 26.49 and a beta of 0.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93.

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

Broadridge Financial Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, President Christopher John Perry sold 3,984 shares of the firm’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 sale, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the sale, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

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.