Franklin Resources Inc. Sells 37,126 Shares of Broadridge Financial Solutions, Inc. $BR

Franklin Resources Inc. cut its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,748 shares of the business services provider’s stock after selling 37,126 shares during the quarter. Franklin Resources Inc.’s holdings in Broadridge Financial Solutions were worth $160,943,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at $580,000. Empowered Funds LLC lifted its position in Broadridge Financial Solutions by 41.5% during the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after acquiring an additional 1,160 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Broadridge Financial Solutions by 6.9% during the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after acquiring an additional 635 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Broadridge Financial Solutions by 480.8% during the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after acquiring an additional 2,106 shares during the period. Finally, AE Wealth Management LLC grew its holdings in Broadridge Financial Solutions by 19.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,485 shares of the business services provider’s stock valued at $361,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. DA Davidson reiterated a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Raymond James Financial restated an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC dropped their price objective on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Stock Down 3.2%

NYSE:BR opened at $177.35 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $163.71 and a one year high of $271.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $20.71 billion, a PE ratio of 19.64 and a beta of 0.98. The firm’s 50 day simple moving average is $195.60 and its 200 day simple moving average is $220.49.

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

Broadridge Financial Solutions Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction 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 trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $194.49 per share, with a total value 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 $27,787,953.24. This represents a 3.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is owned by company insiders.

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.