Bank of New York Mellon Corp Reduces Position in Broadridge Financial Solutions, Inc. $BR

Bank of New York Mellon Corp trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 794,279 shares of the business services provider’s stock after selling 5,064 shares during the period. Bank of New York Mellon Corp owned 0.68% of Broadridge Financial Solutions worth $129,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BR. Nordea Investment Management AB increased its position in Broadridge Financial Solutions by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock worth $65,260,000 after purchasing an additional 62,273 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Broadridge Financial Solutions by 467.2% in the 4th quarter. SG Americas Securities LLC now owns 201,791 shares of the business services provider’s stock valued at $45,034,000 after buying an additional 166,212 shares during the period. Strs Ohio grew its stake in shares of Broadridge Financial Solutions by 25.8% in the 1st quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after buying an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $4,211,000. Finally, UNIVEST FINANCIAL Corp purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $8,227,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $149.89 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $146.20 and a 200-day simple moving average of $169.48. The stock has a market cap of $17.34 billion, a P/E ratio of 16.05 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.Broadridge Financial Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is currently 41.76%.

Analysts Set New Price Targets

Several analysts recently issued reports on BR shares. UBS Group reduced their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Needham & Company LLC lowered their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

About Broadridge Financial Solutions

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.