Geode Capital Management LLC Grows Position in Broadridge Financial Solutions, Inc. $BR

Geode Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,354,869 shares of the business services provider’s stock after purchasing an additional 12,524 shares during the quarter. Geode Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $746,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BR. Alliancebernstein L.P. lifted its holdings in Broadridge Financial Solutions by 692.3% during the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after purchasing an additional 3,224,891 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Broadridge Financial Solutions by 3,228.4% during the third quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock valued at $166,846,000 after purchasing an additional 679,489 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Broadridge Financial Solutions by 46.8% during the third 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 during the last quarter. Junto Capital Management LP purchased a new stake in Broadridge Financial Solutions during the third quarter valued at about $64,752,000. Finally, Vanguard Group Inc. lifted its holdings in Broadridge Financial Solutions by 1.8% during the third quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after purchasing an additional 264,620 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey acquired 5,300 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $153.47 on Friday. The stock has a market cap of $17.75 billion, a P/E ratio of 16.43 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. The business’s 50-day moving average price is $156.47 and its two-hundred day moving average price is $189.99. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91.

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

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.5%. Broadridge Financial Solutions’s dividend payout ratio is presently 41.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BR. Needham & Company LLC lowered 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 report on Friday, May 1st. UBS Group reduced their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.57.

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.