Assenagon Asset Management S.A. Has $1.20 Million Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Assenagon Asset Management S.A. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 96.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,358 shares of the business services provider’s stock after selling 151,049 shares during the period. Assenagon Asset Management S.A.’s holdings in Broadridge Financial Solutions were worth $1,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC grew its stake in shares of Broadridge Financial Solutions by 0.7% in the 3rd quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after buying an additional 14,631 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of 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. raised its holdings in shares of Broadridge Financial Solutions by 46.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after purchasing an additional 292,801 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Broadridge Financial Solutions by 27.3% during the 4th quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after purchasing an additional 62,273 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Broadridge Financial Solutions by 37.1% during the third 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 last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey bought 5,300 shares of the firm’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 of the company’s stock, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction 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 owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.7%

Shares of BR opened at $162.25 on Wednesday. Broadridge Financial Solutions, Inc. has a 52 week low of $156.94 and a 52 week high of $271.91. The firm has a market capitalization of $18.94 billion, a P/E ratio of 17.97 and a beta of 0.98. The company has a 50-day simple moving average of $182.36 and a 200-day simple moving average of $212.27. 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 released its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.61 billion. During the same period in the previous year, the business posted $1.56 earnings per share. Broadridge Financial Solutions’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. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio is 43.19%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BR. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. DA Davidson reissued a “buy” rating and set a $228.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th. 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. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.