Hsbc Holdings PLC Has $43.73 Million Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• HSBC increased its Broadridge Financial Solutions stake by 24.8% in the second quarter, acquiring 63,691 additional shares. Its 320,026-share position was valued at approximately $43.7 million, while institutional investors collectively owned 90.03% of the company.
• Analyst sentiment remains favorable, with Broadridge carrying a “Moderate Buy” consensus rating and an average price target of $216. Targets from UBS, Morgan Stanley and RBC ranged from $176 to $226.
• Broadridge exceeded quarterly earnings and revenue expectations, reporting $3.82 in EPS and $2.22 billion in revenue. The company also raised its quarterly dividend from $0.97 to $1.09, equal to a 2.5% annualized yield.

Hsbc Holdings PLC raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 24.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,026 shares of the business services provider's stock after buying an additional 63,691 shares during the period. Hsbc Holdings PLC owned 0.28% of Broadridge Financial Solutions worth $43,726,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Reflection Asset Management acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $25,000. Nemes Rush Group LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth $28,000. Bell Investment Advisors Inc bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $29,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth $33,000. Institutional investors own 90.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. UBS Group reiterated a "neutral" rating and issued a $180.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $216.00.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $173.01 on Tuesday. The firm's 50-day moving average is $161.89 and its 200-day moving average is $160.42. Broadridge Financial Solutions, Inc. has a 52-week low of $133.83 and a 52-week high of $255.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 17.98 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company earned $3.55 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd will be given a $1.09 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Broadridge Financial Solutions's previous quarterly dividend of $0.97. Broadridge Financial Solutions's dividend payout ratio is 45.32%.

Broadridge Financial Solutions 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.

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