Broadridge Financial Solutions, Inc. $BR Shares Sold by New Millennium Group LLC

New Millennium Group LLC lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 88.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 760 shares of the business services provider’s stock after selling 5,883 shares during the period. New Millennium Group LLC’s holdings in Broadridge Financial Solutions were worth $181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BR. Norges Bank purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $123,812,000. Vanguard Group Inc. raised its holdings in Broadridge Financial Solutions by 2.0% in the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after acquiring an additional 298,273 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 292,801 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth $41,635,000. Finally, Bank of America Corp DE increased its position in shares of Broadridge Financial Solutions by 24.2% in the 2nd quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock worth $206,795,000 after purchasing an additional 165,965 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares of the company’s stock, valued at $4,008,969. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. UBS Group reduced their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Morgan Stanley lowered their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Stock Performance

BR stock opened at $176.21 on Friday. The stock’s fifty day moving average is $208.45 and its two-hundred day moving average is $228.57. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of 19.51 and a beta of 0.97. 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, Inc. has a 1 year low of $163.71 and a 1 year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.25. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm 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 firm posted $1.56 EPS. Broadridge Financial Solutions’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

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.