Broadridge Financial Solutions, Inc. $BR Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,975 shares of the business services provider’s stock after selling 2,931 shares during the quarter. Welch & Forbes LLC’s holdings in Broadridge Financial Solutions were worth $947,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BR. First Horizon Corp bought a new position in Broadridge Financial Solutions during the third quarter valued at about $25,000. NewSquare Capital LLC lifted its holdings 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 acquiring an additional 51 shares during the last quarter. Bank of Jackson Hole Trust boosted its position in shares of Broadridge Financial Solutions by 110.3% during the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Broadridge Financial Solutions by 85.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 57 shares during the last quarter. Finally, REAP Financial Group LLC raised its holdings in shares of Broadridge Financial Solutions by 59.1% in the 2nd quarter. REAP Financial Group LLC now owns 148 shares of the business services provider’s stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $197.10 on Friday. The stock has a market cap of $23.01 billion, a PE ratio of 25.24 and a beta of 0.99. The business has a fifty day simple moving average of $222.05 and a 200-day simple moving average of $234.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. Broadridge Financial Solutions, Inc. has a 12 month low of $193.06 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted 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. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The firm 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, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business 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 dividend yield of 2.0%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 49.94%.

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 transaction of $900,384.00. Following the transaction, the president directly owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the 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 completion of the sale, the vice president owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BR. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. DA Davidson cut their price objective on Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. UBS Group reduced their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Morgan Stanley cut their target price on 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. Finally, Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and an average target price of $257.83.

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.