Broadridge Financial Solutions, Inc. $BR Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,423 shares of the business services provider’s stock after acquiring an additional 5,375 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $4,558,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BR. Alliancebernstein L.P. boosted its position in shares of Broadridge Financial Solutions by 692.3% in the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after acquiring an additional 3,224,891 shares during the last quarter. Norges Bank acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $346,304,000. Van ECK Associates Corp boosted its position in shares of Broadridge Financial Solutions by 3,228.4% in the third quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock worth $166,846,000 after acquiring an additional 679,489 shares during the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $126,553,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Broadridge Financial Solutions by 52.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after acquiring an additional 485,297 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BR. UBS Group reduced their price target on shares of 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. DA Davidson reduced their price target on shares of 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. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reduced their price target on shares of 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Trading Up 0.7%

BR opened at $150.06 on Wednesday. The firm has a market capitalization of $17.36 billion, a P/E ratio of 16.07 and a beta of 0.88. The firm’s 50 day moving average is $154.61 and its 200-day moving average is $186.23. Broadridge Financial Solutions, Inc. has a 52-week low of $139.79 and a 52-week high of $271.91. 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 (NYSE:BR) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

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

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.