Kelleher Financial Advisors Sells 4,830 Shares of Broadridge Financial Solutions, Inc. $BR

Kelleher Financial Advisors reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 54.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,005 shares of the business services provider’s stock after selling 4,830 shares during the period. Kelleher Financial Advisors’ holdings in Broadridge Financial Solutions were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mraz Amerine & Associates Inc. boosted its position in shares of Broadridge Financial Solutions by 1.0% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 10,802 shares of the business services provider’s stock worth $1,740,000 after acquiring an additional 103 shares in the last quarter. Rakuten Investment Management Inc. increased its holdings in shares of Broadridge Financial Solutions by 8.5% in the 3rd quarter. Rakuten Investment Management Inc. now owns 20,959 shares of the business services provider’s stock valued at $3,373,000 after acquiring an additional 1,634 shares during the last quarter. Provenance Wealth Advisors LLC raised its position in shares of Broadridge Financial Solutions by 31,900.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 640 shares of the business services provider’s stock worth $103,000 after acquiring an additional 638 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Broadridge Financial Solutions by 58.6% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,429 shares of the business services provider’s stock worth $2,163,000 after purchasing an additional 4,960 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Broadridge Financial Solutions by 9.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 272,671 shares of the business services provider’s stock worth $43,927,000 after purchasing an additional 23,741 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BR. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. DA Davidson reiterated a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.71.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by corporate insiders.

Key Headlines Impacting Broadridge Financial Solutions

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Broadridge reported fiscal Q1 2027 adjusted EPS of $1.56, above the $1.37 consensus, and revenue of $1.67 billion, also ahead of estimates. Recurring revenue rose 11%, and closed sales increased 10% to $36 million. Management reaffirmed its fiscal 2027 outlook, including 6%–8% recurring-revenue growth and 8%–12% adjusted EPS growth. Broadridge Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Broadridge is working with the NYSE on on-chain shareholder services for tokenized securities, including shareholder voting. The partnership could position the company to benefit as financial markets adopt tokenization and blockchain-based services. NYSE Partners with Broadridge for On-Chain Shareholder Services
• Neutral Sentiment: JPMorgan raised its price target to $201 from $191 but kept a neutral rating. Morgan Stanley lifted its target to $181 from $176 while maintaining an equal-weight rating, reflecting continued caution despite the increases. JPMorgan analyst recommendation
• Negative Sentiment: Underlying profitability showed pressure: operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also decreased year over year, although adjusted EPS grew 3%. Quarterly results

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $189.58 on Thursday. The stock’s 50-day moving average is $171.72 and its two-hundred day moving average is $166.06. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 20.95 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $233.10. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.24 and a current ratio of 1.21.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Broadridge Financial Solutions, Inc. will post 10.56 earnings per share for the current year.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.