APG Asset Management N.V. Sells 183,313 Shares of Broadridge Financial Solutions, Inc. $BR

APG Asset Management N.V. reduced its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,494,390 shares of the business services provider’s stock after selling 183,313 shares during the quarter. Broadridge Financial Solutions comprises about 0.7% of APG Asset Management N.V.’s holdings, making the stock its 20th biggest holding. APG Asset Management N.V. owned 1.28% of Broadridge Financial Solutions worth $355,919,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BR. First Horizon Corp bought a new position in Broadridge Financial Solutions in the 3rd quarter valued at $25,000. NewSquare Capital LLC raised its position in shares of Broadridge Financial Solutions by 89.5% in the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Guerra Advisors Inc bought a new stake in Broadridge Financial Solutions during the third quarter valued at $29,000. Atlantic Union Bankshares Corp purchased a new position in Broadridge Financial Solutions during the second quarter worth about $40,000. Finally, ORG Partners LLC grew its position in Broadridge Financial Solutions by 57.4% during the third quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock worth $44,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on BR shares. JPMorgan Chase & Co. lowered their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. DA Davidson reaffirmed a “buy” rating and issued a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. UBS Group cut their price target on shares of 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. Raymond James Financial reissued an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.71.

Insider Activity at Broadridge Financial Solutions

In other news, 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. This represents a 62.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction 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 approximately $4,008,969. The trade was 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 owned by company insiders.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $185.43 on Friday. The firm has a fifty day simple moving average of $202.63 and a two-hundred day simple moving average of $224.83. 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 twelve month low of $163.71 and a twelve month high of $271.91. The company has a market capitalization of $21.65 billion, a PE ratio of 20.53 and a beta of 0.97.

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

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.