Legal & General Group Plc Sells 106,449 Shares of Broadridge Financial Solutions, Inc. $BR

Legal & General Group Plc cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 855,610 shares of the business services provider’s stock after selling 106,449 shares during the period. Legal & General Group Plc’s holdings in Broadridge Financial Solutions were worth $190,946,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Guerra Advisors Inc purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $29,000. WPG Advisers LLC raised its stake in Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at $39,000. Bank of Jackson Hole Trust raised its stake in Broadridge Financial Solutions by 50.0% during the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock valued at $44,000 after buying an additional 61 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $47,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BR shares. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. DA Davidson decreased their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.57.

Broadridge Financial Solutions Trading Up 0.1%

NYSE:BR opened at $147.07 on Thursday. 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 firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 15.75 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a one year low of $139.79 and a one year high of $271.91. The business has a fifty day moving average price of $157.47 and a 200-day moving average price of $190.76.

Broadridge Financial Solutions (NYSE:BR) last posted 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business posted $2.44 EPS. 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. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. Broadridge Financial Solutions’s payout ratio is 41.76%.

Insider Activity

In related news, CEO Timothy C. Gokey acquired 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost 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. The trade was a 3.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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.