Hsbc Holdings PLC Makes New Investment in Broadridge Financial Solutions, Inc. $BR

Hsbc Holdings PLC purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 320,026 shares of the business services provider's stock, valued at approximately $43,726,000. Hsbc Holdings PLC owned about 0.28% of Broadridge Financial Solutions as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Strs Ohio raised its position in shares of Broadridge Financial Solutions by 25.8% in the first quarter. Strs Ohio now owns 48,787 shares of the business services provider's stock worth $7,927,000 after acquiring an additional 9,996 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at about $4,211,000. UNIVEST FINANCIAL Corp purchased a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at about $8,227,000. Empowered Funds LLC increased its stake in shares of Broadridge Financial Solutions by 29.9% in the 1st quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider's stock valued at $7,869,000 after purchasing an additional 11,152 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in Broadridge Financial Solutions by 51.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 36,911 shares of the business services provider's stock worth $8,237,000 after purchasing an additional 12,569 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Needham & Company LLC cut their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada upped their target price on Broadridge Financial Solutions from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Broadridge Financial Solutions in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Insider Buying and Selling at Broadridge Financial Solutions

In other 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 value of $304,730.00. Following the transaction, the insider directly owned 1 shares of the company's stock, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $181.23 on Thursday. Broadridge Financial Solutions, Inc. has a 12 month low of $133.83 and a 12 month high of $259.02. The stock has a 50 day moving average of $155.21 and a two-hundred day moving average of $160.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The firm has a market cap of $20.66 billion, a P/E ratio of 18.84 and a beta of 0.87.

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. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%.The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, September 3rd will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.97. The ex-dividend date is Thursday, September 3rd. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 45.32%.

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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