Bank of New York Mellon Corp Raises Holdings in Broadridge Financial Solutions, Inc. $BR

Bank of New York Mellon Corp increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 846,778 shares of the business services provider’s stock after purchasing an additional 15,040 shares during the period. Bank of New York Mellon Corp owned 0.73% of Broadridge Financial Solutions worth $201,677,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $123,812,000. Vanguard Group Inc. raised its stake in Broadridge Financial Solutions by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after acquiring an additional 298,273 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in Broadridge Financial Solutions during the 2nd quarter worth approximately $53,467,000. Rakuten Investment Management Inc. acquired a new stake in Broadridge Financial Solutions during the 3rd quarter worth approximately $41,635,000. Finally, Bank of America Corp DE grew its stake in shares of Broadridge Financial Solutions by 24.2% in the 2nd quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock valued at $206,795,000 after purchasing an additional 165,965 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BR. Morgan Stanley cut their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson cut their price target on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, UBS Group lowered their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and an average target price of $257.83.

Broadridge Financial Solutions Trading Up 0.6%

Shares of BR opened at $197.10 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $193.06 and a twelve month high of $271.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $23.01 billion, a P/E ratio of 25.24 and a beta of 0.99. The firm’s 50-day moving average is $222.05 and its two-hundred day moving average is $234.84.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.32. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were given a $0.975 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.0%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 49.94%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the sale, the president directly owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the transaction, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.