Allianz Asset Management GmbH Trims Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Allianz Asset Management GmbH trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 47.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,333 shares of the business services provider’s stock after selling 28,530 shares during the quarter. Allianz Asset Management GmbH’s holdings in Broadridge Financial Solutions were worth $7,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Vanguard Group Inc. lifted its holdings in shares of Broadridge Financial Solutions by 2.0% during the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after purchasing an additional 298,273 shares in the last quarter. State Street Corp increased its stake in shares of Broadridge Financial Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock worth $1,376,006,000 after purchasing an additional 35,061 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Broadridge Financial Solutions by 4.3% in the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock worth $797,031,000 after buying an additional 136,386 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Broadridge Financial Solutions by 3.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,751,266 shares of the business services provider’s stock worth $425,610,000 after acquiring an additional 61,659 shares during the period. Finally, Invesco Ltd. raised its position in shares of Broadridge Financial Solutions by 2.5% during the 2nd quarter. Invesco Ltd. now owns 1,466,774 shares of the business services provider’s stock valued at $356,470,000 after purchasing an additional 36,355 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the sale, the vice president owned 6,026 shares in the company, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the transaction, the director directly owned 20,815 shares in the company, valued at $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,451 shares of company stock valued at $3,290,773 over the last quarter. 1.10% of the stock is currently owned by insiders.

Broadridge Financial Solutions Trading Down 0.6%

Broadridge Financial Solutions stock opened at $180.84 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52 week low of $175.86 and a 52 week high of $271.91. The stock has a 50-day moving average price of $217.35 and a 200 day moving average price of $232.54. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 20.03 and a beta of 0.97.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.34 by $0.25. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 12th were issued a dividend of $0.975 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.2%. Broadridge Financial Solutions’s dividend payout ratio is presently 43.19%.

Analysts Set New Price Targets

Several research firms recently issued reports on BR. Morgan Stanley cut their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. DA Davidson raised shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $228.00 price objective for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Raymond James Financial reiterated an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $247.71.

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.