Ameriprise Financial Inc. Increases Stake in Broadridge Financial Solutions, Inc. $BR

Ameriprise Financial Inc. increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,239,881 shares of the business services provider’s stock after acquiring an additional 100,348 shares during the period. Ameriprise Financial Inc. owned approximately 1.06% of Broadridge Financial Solutions worth $294,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BR. First Horizon Corp acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth $25,000. Guerra Advisors Inc acquired a new position in Broadridge Financial Solutions in the third quarter valued at $29,000. 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 valued at $44,000 after acquiring an additional 66 shares during the period. Bank of Jackson Hole Trust grew its position in Broadridge Financial Solutions by 50.0% during the third quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 61 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in Broadridge Financial Solutions during the second quarter worth about $48,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the purchase, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. DA Davidson restated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $178.25 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. Broadridge Financial Solutions, Inc. has a 1-year low of $163.71 and a 1-year high of $271.91. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.74 and a beta of 0.98. The business has a 50-day moving average of $193.87 and a 200-day moving average of $218.86.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS 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 business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.56 EPS. The company’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. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be issued a $0.975 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a yield of 2.2%. Broadridge Financial Solutions’s payout ratio is currently 43.19%.

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.