ProShare Advisors LLC Grows Stake in Broadridge Financial Solutions, Inc. $BR

ProShare Advisors LLC lifted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,821 shares of the business services provider’s stock after purchasing an additional 3,402 shares during the period. ProShare Advisors LLC’s holdings in Broadridge Financial Solutions were worth $11,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Guerra Advisors Inc purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $29,000. 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 worth $32,000 after purchasing an additional 62 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $39,000. Bank of Jackson Hole Trust increased its stake in shares of Broadridge Financial Solutions by 50.0% during the third quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $47,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

BR opened at $150.11 on Friday. The firm has a market capitalization of $17.36 billion, a PE ratio of 16.07 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a twelve month low of $139.79 and a twelve month high of $271.91. The firm’s 50-day moving average price is $159.91 and its 200 day moving average price is $192.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group cut their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. DA Davidson cut their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $221.57.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the transaction, the chief executive officer owned 142,876 shares of the company’s stock, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available 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.