Rathbones Group PLC Lowers Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Rathbones Group PLC trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 411,389 shares of the business services provider’s stock after selling 20,057 shares during the period. Rathbones Group PLC’s holdings in Broadridge Financial Solutions were worth $91,810,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BR. Alliancebernstein L.P. increased its position in shares of 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 acquiring an additional 3,224,891 shares in the last quarter. Van ECK Associates Corp increased its position in shares of 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 acquiring an additional 679,489 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 292,801 shares in the last quarter. Junto Capital Management LP bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $64,752,000. Finally, Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 264,620 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 0.1%

Shares of BR stock opened at $149.21 on Thursday. Broadridge Financial Solutions, Inc. has a 1 year low of $139.79 and a 1 year high of $271.91. The firm has a fifty day moving average price of $160.64 and a 200-day moving average price of $193.26. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 15.98 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last issued 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. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. 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 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th were given a dividend of $0.975 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Insider Activity

In other news, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BR has been the subject of several analyst reports. Raymond James Financial reissued 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 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. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. DA Davidson reduced 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.57.

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.