Legal & General Group Plc Sells 106,449 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Legal & General Group Plc cut its Broadridge Financial Solutions stake by 11.1% in the fourth quarter, selling 106,449 shares and leaving it with 855,610 shares worth about $190.9 million.
• Broadridge reported better-than-expected quarterly results, with EPS of $2.72 versus the $2.63 estimate and revenue of $1.95 billion versus $1.90 billion expected. The company also raised/affirmed FY 2026 guidance at 9.41 to 9.58 EPS.
• The stock has seen mixed analyst sentiment: several firms cut price targets, but the overall consensus remains Moderate Buy with an average target price of $221.57. Broadridge also announced a quarterly dividend of $0.975 per share, or $3.90 annually, for a 2.7% yield.

Legal & General Group Plc trimmed its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 855,610 shares of the business services provider's stock after selling 106,449 shares during the quarter. Legal & General Group Plc owned approximately 0.73% of Broadridge Financial Solutions worth $190,946,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Patton Fund Management Inc. boosted its position in Broadridge Financial Solutions by 5.3% during the 4th quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider's stock valued at $217,000 after acquiring an additional 49 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock valued at $242,000 after purchasing an additional 50 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 0.4% during the third quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider's stock valued at $3,376,000 after purchasing an additional 55 shares during the last quarter. Bank of Jackson Hole Trust lifted its holdings in shares of Broadridge Financial Solutions by 50.0% during the third quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider's stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock valued at $383,000 after purchasing an additional 61 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent research reports. UBS Group lowered their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, May 4th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Finally, Weiss Ratings lowered shares of Broadridge Financial Solutions from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 11th. 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, the company has an average rating of "Moderate Buy" and a consensus target price of $221.57.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey acquired 5,300 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the transaction, the chief executive officer owned 142,876 shares of the company's stock, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR stock opened at $147.07 on Thursday. The stock has a market capitalization of $17.01 billion, a PE ratio of 15.75 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 12-month low of $139.79 and a 12-month high of $271.91. 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 stock's 50 day simple moving average is $157.47 and its 200 day simple moving average is $190.76.

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

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 annualized dividend and a yield of 2.7%. Broadridge Financial Solutions's dividend payout ratio is 41.76%.

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.

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.