Van ECK Associates Corp Raises Position in Broadridge Financial Solutions, Inc. $BR

Van ECK Associates Corp raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 110.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,475,283 shares of the business services provider’s stock after buying an additional 774,747 shares during the period. Van ECK Associates Corp’s holdings in Broadridge Financial Solutions were worth $329,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. Alliancebernstein L.P. boosted its position in Broadridge Financial Solutions by 692.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after buying an additional 3,224,891 shares during the period. Norges Bank purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $346,304,000. Pinebridge Investments LLC purchased a new position in Broadridge Financial Solutions in the 4th quarter valued at approximately $126,553,000. JPMorgan Chase & Co. boosted its position in Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after buying an additional 485,297 shares during the period. Finally, Junto Capital Management LP purchased a new position in Broadridge Financial Solutions in the 3rd quarter valued at approximately $64,752,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction 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 completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. The trade was a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent research reports. DA Davidson decreased their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. UBS Group decreased their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Needham & Company LLC decreased their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company 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 decreased their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.57.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $144.81 on Friday. The stock has a market cap of $16.75 billion, a P/E ratio of 15.50 and a beta of 0.88. The company has a fifty day simple moving average of $153.62 and a 200-day simple moving average of $184.79. Broadridge Financial Solutions, Inc. has a 12-month low of $139.79 and a 12-month high of $271.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97.

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

Broadridge Financial Solutions Dividend Announcement

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 given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Broadridge Financial Solutions’s payout ratio is 41.76%.

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.