Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $211.67 and last traded at $211.2670, with a volume of 356726 shares traded. The stock had previously closed at $218.64.
Wall Street Analyst Weigh In
A number of research firms recently commented on BR. Morgan Stanley reduced their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. DA Davidson reiterated a “neutral” rating and set a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, UBS Group cut their target price on 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $259.83.
Broadridge Financial Solutions Stock Down 4.3%
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.32. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.
Broadridge Financial Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio is 49.94%.
Insider Activity at Broadridge Financial Solutions
In related news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the transaction, the president directly owned 44,829 shares of the company’s stock, valued at $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction 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 owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.
Institutional Trading of Broadridge Financial Solutions
Several large investors have recently modified their holdings of the business. First Horizon Corp purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $25,000. NewSquare Capital LLC raised its holdings in shares of Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. ORG Partners LLC lifted its stake in Broadridge Financial Solutions by 360.0% in the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after acquiring an additional 90 shares during the period. Guerra Advisors Inc purchased a new stake in Broadridge Financial Solutions in the third quarter worth $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. 90.03% of the stock is owned by institutional investors.
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.
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