Swedbank AB Sells 12,991 Shares of Broadridge Financial Solutions, Inc. $BR

Swedbank AB cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 28.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,911 shares of the business services provider’s stock after selling 12,991 shares during the period. Swedbank AB’s holdings in Broadridge Financial Solutions were worth $7,122,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BR. Patton Fund Management Inc. grew its stake in Broadridge Financial Solutions by 5.3% in the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 49 shares during the period. Great Valley Advisor Group Inc. grew its stake in Broadridge Financial Solutions by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 50 shares during the period. Modern Wealth Management LLC grew its stake in Broadridge Financial Solutions by 0.4% in the third quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider’s stock valued at $3,376,000 after acquiring an additional 55 shares during the period. Bank of Jackson Hole Trust grew its stake in Broadridge Financial Solutions by 50.0% in 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, Moneta Group Investment Advisors LLC grew its stake in Broadridge Financial Solutions by 3.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 61 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Raymond James Financial reissued an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. DA Davidson cut their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. UBS Group cut their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada cut their target price on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.57.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost 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 $27,787,953.24. The trade was a 3.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Down 2.2%

Shares of NYSE:BR opened at $147.17 on Wednesday. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 15.76 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12-month low of $139.79 and a 12-month high of $271.91. The business’s 50 day moving average is $158.09 and its 200 day moving average is $191.25.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.Broadridge Financial Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 41.76%.

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.