Swiss Life Asset Management Ltd Cuts Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Swiss Life Asset Management Ltd lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 27.4% in the third quarter, Holdings Channel.com reports. The fund owned 36,887 shares of the business services provider’s stock after selling 13,918 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Broadridge Financial Solutions were worth $8,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth approximately $25,000. Guerra Advisors Inc acquired a new position in Broadridge Financial Solutions in the 3rd quarter valued at $29,000. ORG Partners LLC lifted its holdings in Broadridge Financial Solutions by 57.4% in the 3rd quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 66 shares in the last quarter. Bank of Jackson Hole Trust lifted its holdings in Broadridge Financial Solutions by 50.0% in the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 61 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in Broadridge Financial Solutions during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity

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

Broadridge Financial Solutions Stock Up 0.2%

Shares of BR opened at $174.73 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91. The company has a market capitalization of $20.40 billion, a PE ratio of 19.35 and a beta of 0.98. The stock has a fifty day simple moving average of $190.17 and a two-hundred day simple moving average of $217.14. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93.

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

Broadridge Financial Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.