Assetmark Inc. Increases Stock Position in Broadridge Financial Solutions, Inc. $BR

Assetmark Inc. grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,048 shares of the business services provider’s stock after purchasing an additional 8,272 shares during the period. Assetmark Inc.’s holdings in Broadridge Financial Solutions were worth $7,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Broadridge Financial Solutions by 2.0% during the 2nd 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 grew its stake in shares of Broadridge Financial Solutions by 0.6% during the second quarter. State Street Corp now owns 5,642,154 shares of the business services provider’s stock valued at $1,376,006,000 after acquiring an additional 35,061 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 4.3% during 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 acquiring an additional 136,386 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Broadridge Financial Solutions by 3.6% in the second 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in Broadridge Financial Solutions by 2.5% in the second 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 last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.8%

Broadridge Financial Solutions stock opened at $173.55 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91. The company has a 50-day simple moving average of $211.55 and a 200-day simple moving average of $229.79. The firm has a market capitalization of $20.26 billion, a P/E ratio of 19.22 and a beta of 0.97.

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

Insiders Place Their Bets

In related news, 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 transaction of $2,341,661.64. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the 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 completion of the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BR. Raymond James Financial restated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. UBS Group lowered their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. cut their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four 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.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $247.71.

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.