PNC Financial Services Group Inc. Buys 6,602 Shares of Broadridge Financial Solutions, Inc. $BR

PNC Financial Services Group Inc. boosted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 55,697 shares of the business services provider’s stock after purchasing an additional 6,602 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Broadridge Financial Solutions were worth $9,050,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oslo Pensjonsforsikring AS acquired a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at $339,000. Andra AP fonden raised its position in shares of Broadridge Financial Solutions by 35.1% during the first quarter. Andra AP fonden now owns 86,900 shares of the business services provider’s stock worth $14,120,000 after acquiring an additional 22,600 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions during the first quarter valued at $78,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Broadridge Financial Solutions by 52.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 7,255 shares of the business services provider’s stock valued at $1,179,000 after acquiring an additional 2,483 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in Broadridge Financial Solutions by 17.7% in the first quarter. Meeder Advisory Services Inc. now owns 3,321 shares of the business services provider’s stock valued at $540,000 after acquiring an additional 500 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares of the company’s stock, valued at $155. This represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Up 3.1%

Shares of Broadridge Financial Solutions stock opened at $148.84 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $271.91. The business has a fifty day simple moving average of $146.21 and a 200 day simple moving average of $167.17. The stock has a market cap of $17.21 billion, a PE ratio of 15.94 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. The firm’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. Research analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BR shares. UBS Group lowered their price objective on 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. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. 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 lowered 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, Needham & Company LLC dropped 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 note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $221.57.

Broadridge Financial Solutions Company 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.