Bahl & Gaynor Inc. Sells 5,474 Shares of Broadridge Financial Solutions, Inc. $BR

Bahl & Gaynor Inc. lessened its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,185,303 shares of the business services provider’s stock after selling 5,474 shares during the period. Broadridge Financial Solutions comprises approximately 1.4% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 20th largest holding. Bahl & Gaynor Inc. owned 1.02% of Broadridge Financial Solutions worth $282,304,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BR. New York State Common Retirement Fund lifted its holdings in Broadridge Financial Solutions by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock worth $22,523,000 after purchasing an additional 12,024 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Broadridge Financial Solutions by 46.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after buying an additional 292,801 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Broadridge Financial Solutions by 37.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock worth $4,708,000 after buying an additional 5,346 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Broadridge Financial Solutions by 637.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 50,317 shares of the business services provider’s stock worth $11,984,000 after buying an additional 43,494 shares in the last quarter. Finally, Addenda Capital Inc. lifted its holdings in shares of Broadridge Financial Solutions by 28.6% during the third quarter. Addenda Capital Inc. now owns 67,152 shares of the business services provider’s stock worth $16,049,000 after buying an additional 14,942 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert N. Duelks sold 253 shares of the firm’s 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 sale, the director directly owned 20,815 shares in the company, valued at approximately $4,008,969. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the sale, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $185.43 on Monday. The firm’s 50 day simple moving average is $202.63 and its 200 day simple moving average is $224.58. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 20.53 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. 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 released its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.25. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company’s quarterly 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. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BR has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. DA Davidson reiterated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Morgan Stanley reduced their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, UBS Group lowered their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions 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.