Alliancebernstein L.P. Has $879.02 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Alliancebernstein L.P. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 692.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,690,705 shares of the business services provider’s stock after buying an additional 3,224,891 shares during the quarter. Alliancebernstein L.P. owned approximately 3.16% of Broadridge Financial Solutions worth $879,015,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Broadridge Financial Solutions by 8.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,239,881 shares of the business services provider’s stock valued at $294,745,000 after acquiring an additional 100,348 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Broadridge Financial Solutions by 50.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 3,852 shares of the business services provider’s stock worth $917,000 after purchasing an additional 1,292 shares in the last quarter. Creative Planning increased its holdings in Broadridge Financial Solutions by 9.4% in the 3rd quarter. Creative Planning now owns 28,220 shares of the business services provider’s stock worth $6,721,000 after purchasing an additional 2,413 shares in the last quarter. AQR Capital Management LLC raised its position in Broadridge Financial Solutions by 5.8% in the third quarter. AQR Capital Management LLC now owns 279,446 shares of the business services provider’s stock valued at $66,135,000 after purchasing an additional 15,364 shares during the last quarter. Finally, Zacks Investment Management boosted its stake in shares of Broadridge Financial Solutions by 0.5% during the third quarter. Zacks Investment Management now owns 140,644 shares of the business services provider’s stock valued at $33,497,000 after purchasing an additional 767 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey bought 5,300 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the acquisition, the chief executive officer directly owned 142,876 shares of the company’s stock, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the transaction, the director directly owned 20,815 shares in the company, valued at approximately $4,008,969. The trade was a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Up 0.6%

Shares of NYSE BR opened at $178.40 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50-day moving average price of $194.76 and a 200-day moving average price of $219.69. The stock has a market capitalization of $20.83 billion, a P/E ratio of 19.76 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1 year low of $163.71 and a 1 year high of $271.91.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.90 annualized dividend and a dividend yield of 2.2%. Broadridge Financial Solutions’s dividend payout ratio is 43.19%.

Analyst Ratings Changes

Several research firms have recently weighed in on BR. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Raymond James Financial reissued an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Needham & Company LLC decreased their price target on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus 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.