KBC Group NV Buys 217,987 Shares of Broadridge Financial Solutions, Inc. $BR

KBC Group NV boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1,030.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 239,150 shares of the business services provider’s stock after buying an additional 217,987 shares during the quarter. KBC Group NV’s holdings in Broadridge Financial Solutions were worth $38,857,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BR. Norges Bank purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $346,304,000. Van ECK Associates Corp lifted its stake in shares of Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock valued at $329,239,000 after purchasing an additional 774,747 shares during the period. Pinebridge Investments LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $126,553,000. JPMorgan Chase & Co. lifted its stake in shares of Broadridge Financial Solutions by 52.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock valued at $313,330,000 after purchasing an additional 485,297 shares during the period. Finally, State Street Corp boosted its position in shares of Broadridge Financial Solutions by 6.7% during the fourth quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock valued at $1,343,572,000 after purchasing an additional 375,699 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.0%

Broadridge Financial Solutions stock opened at $149.90 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $146.21 and its two-hundred day simple moving average is $168.95. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $271.91. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.89.

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

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BR. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group lowered their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. DA Davidson dropped their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC reduced their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $221.57.

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.