Integrated Wealth Concepts LLC Acquires 3,272 Shares of Broadridge Financial Solutions, Inc. $BR

Integrated Wealth Concepts LLC raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 47,061 shares of the business services provider’s stock after buying an additional 3,272 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Broadridge Financial Solutions were worth $11,209,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at $580,000. Empowered Funds LLC raised its holdings in Broadridge Financial Solutions by 41.5% in the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares in the last quarter. Woodline Partners LP raised its holdings in Broadridge Financial Solutions by 6.9% in the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2,106 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Broadridge Financial Solutions by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,808 shares of the business services provider’s stock valued at $7,001,000 after purchasing an additional 2,047 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $178.25 on Tuesday. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91. The company’s 50-day moving average is $193.87 and its 200 day moving average is $218.86. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.25. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s payout ratio is presently 43.19%.

Analyst Ratings Changes

BR has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $228.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Needham & Company LLC cut their price objective on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Raymond James Financial reissued an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Finally, Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $247.71.

Insider Buying and Selling

In other news, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the transaction, the director owned 20,815 shares in the company, valued at $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy C. Gokey purchased 5,300 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the acquisition, the chief executive officer owned 142,876 shares of the company’s stock, valued at approximately $27,787,953.24. This represents a 3.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

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.