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

Key Points

• Franklin Resources trimmed its Broadridge stake by 5.2%, selling 37,126 shares and now holds 675,748 shares (about 0.58% of the company) valued at roughly $160.94 million.
• Insider and institutional moves: CEO Timothy Gokey bought 5,300 shares at $194.49, raising his holdings to 142,876 shares, while institutional ownership is about 90% and VanEck dramatically increased its position to 700,536 shares.
• Financials and payout: Broadridge beat Q results with $1.59 EPS on $1.71B revenue, set FY2026 guidance of 9.320–9.580 EPS, and announced a $0.975 quarterly dividend (annual $3.90, ~2.2% yield).

Franklin Resources Inc. lessened its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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. owned approximately 0.58% of Broadridge Financial Solutions worth $160,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Magnetar Financial LLC lifted its holdings in shares of Broadridge Financial Solutions by 521.9% during the 3rd quarter. Magnetar Financial LLC now owns 28,608 shares of the business services provider's stock worth $6,814,000 after acquiring an additional 24,008 shares during the period. Van ECK Associates Corp raised its position in Broadridge Financial Solutions by 3,228.4% in the third quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider's stock worth $166,846,000 after purchasing an additional 679,489 shares in the last quarter. Bank of Montreal Can raised its position in Broadridge Financial Solutions by 13.6% in the third quarter. Bank of Montreal Can now owns 98,492 shares of the business services provider's stock worth $23,458,000 after purchasing an additional 11,754 shares in the last quarter. Vestcor Inc boosted its holdings in Broadridge Financial Solutions by 32.6% during the third quarter. Vestcor Inc now owns 5,060 shares of the business services provider's stock valued at $1,205,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Fieldview Capital Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $911,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the purchase, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert N. Duelks sold 253 shares of the firm's stock in a transaction 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 sale, the director owned 20,815 shares in the company, valued at approximately $4,008,969. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BR. Wall Street Zen cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. DA Davidson restated a "buy" rating and issued a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Needham & Company LLC dropped their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. UBS Group cut their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $247.71.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $177.35 on Friday. The firm has a fifty day moving average of $195.60 and a two-hundred day moving average of $220.49. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 19.64 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97.

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

Broadridge Financial Solutions Dividend Announcement

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

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.

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.