Victory Capital Management Inc. Trims Stock Position in Broadridge Financial Solutions, Inc. $BR

Victory Capital Management Inc. decreased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,699 shares of the business services provider’s stock after selling 7,040 shares during the period. Victory Capital Management Inc. owned 0.09% of Broadridge Financial Solutions worth $26,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Horizon Corp acquired a new position in Broadridge Financial Solutions in the third quarter valued at $25,000. Guerra Advisors Inc acquired a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $29,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $40,000. ORG Partners LLC boosted its position in shares of Broadridge Financial Solutions by 57.4% in the 3rd quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 66 shares during the period. Finally, Bank of Jackson Hole Trust boosted its position in shares of Broadridge Financial Solutions by 50.0% in the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 61 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert N. Duelks sold 253 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the transaction, the director owned 20,815 shares of the company’s stock, valued at $4,008,969. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy C. Gokey acquired 5,300 shares of the business’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 owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Down 4.1%

Shares of NYSE BR opened at $188.85 on Tuesday. Broadridge Financial Solutions, Inc. has a 1 year low of $163.71 and a 1 year high of $271.91. The firm’s 50 day moving average price is $198.09 and its 200 day moving average price is $221.58. The firm has a market cap of $22.05 billion, a P/E ratio of 20.91 and a beta of 0.98. 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 (NYSE:BR) last issued its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating 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 company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $1.56 EPS. Broadridge Financial Solutions’s 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. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be given a dividend of $0.975 per share. The ex-dividend date is Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.1%. Broadridge Financial Solutions’s dividend payout ratio is 43.19%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings downgraded Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group dropped their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Finally, DA Davidson reissued a “buy” rating and set a $228.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.