Assenagon Asset Management S.A. Has $1.25 Million Stock Position in Broadridge Financial Solutions, Inc. $BR

Assenagon Asset Management S.A. lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 93.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,122 shares of the business services provider’s stock after selling 123,709 shares during the period. Assenagon Asset Management S.A.’s holdings in Broadridge Financial Solutions were worth $1,249,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at about $25,000. Nemes Rush Group LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth about $28,000. WPG Advisers LLC increased its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at about $37,000. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the topic of several research analyst reports. DA Davidson lowered their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC reduced their price target on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. UBS Group dropped their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.71.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $170.82 on Friday. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 17.76 and a beta of 0.87. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $265.37. The stock has a 50-day moving average of $149.92 and a 200 day moving average of $161.51. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $3.55 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be paid a $1.09 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.97. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio is presently 45.32%.

Insider Activity at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction on 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 transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

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.