Assetmark Inc. Has $12.61 Million Position in Broadridge Financial Solutions, Inc. $BR

Key Points

• Assetmark Inc. boosted its stake in Broadridge Financial Solutions by 80.7% in the first quarter, ending with 77,620 shares worth about $12.6 million.
• Broadridge’s latest quarterly results topped expectations, with EPS of $2.72 and revenue of $1.95 billion, while revenue rose 7.8% year over year. The company also issued FY2026 guidance of $9.41 to $9.58 EPS.
• Analyst sentiment remains mixed but positive overall: the stock has a consensus rating of Moderate Buy with an average price target of $221.57. Broadridge also paid a quarterly dividend of $0.975 per share, equal to a 2.6% yield.

Assetmark Inc. raised its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 80.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,620 shares of the business services provider's stock after acquiring an additional 34,658 shares during the quarter. Assetmark Inc. owned about 0.07% of Broadridge Financial Solutions worth $12,612,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at $580,000. Empowered Funds LLC boosted its holdings in Broadridge Financial Solutions by 41.5% in the first 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 boosted its holdings in Broadridge Financial Solutions by 6.9% in the first 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 increased its position in 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 buying an additional 2,106 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Broadridge Financial Solutions by 8.5% during the second quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider's stock worth $6,203,000 after buying an additional 2,004 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider owned 1 shares in the company, valued at $155. This represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BR has been the topic of several recent research reports. UBS Group cut their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, May 4th. Weiss Ratings lowered Broadridge Financial Solutions from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 11th. DA Davidson cut their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, May 5th. Needham & Company LLC reduced their target price on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $221.57.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $149.89 on Monday. The company has a market capitalization of $17.34 billion, a PE ratio of 16.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91. The company's fifty day moving average price is $146.20 and its 200 day moving average price is $169.48.

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

Broadridge Financial Solutions Announces Dividend

The firm 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 dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions's payout ratio is currently 41.76%.

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.

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