Principal Financial Group Inc. Sells 104,871 Shares of Broadridge Financial Solutions, Inc. $BR

Key Points

• Principal Financial Group reduced its stake in Broadridge by 27.1%, selling 104,871 shares and leaving it with 282,152 shares (about 0.24% of the company) valued at roughly $62.97 million.
• CEO Timothy C. Gokey bought 5,300 shares at $194.49, increasing his holding to 142,876 shares (a 3.85% increase), while insiders own about 1.10% of the stock.
• Broadridge beat Q1 estimates (EPS $2.72 vs. $2.63; revenue $1.95B vs. $1.90B), set FY2026 EPS guidance of 9.41–9.58, but several analysts have trimmed targets; consensus remains a “Moderate Buy” with an average target of $221.57, and the stock trades near its 52-week low (~$150) with a 2.6% dividend yield.

Principal Financial Group Inc. reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,152 shares of the business services provider's stock after selling 104,871 shares during the period. Principal Financial Group Inc. owned about 0.24% of Broadridge Financial Solutions worth $62,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BR. First Horizon Corp acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth approximately $25,000. Guerra Advisors Inc bought a new stake in shares of Broadridge Financial Solutions during the third quarter worth $29,000. WPG Advisers LLC increased its holdings in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider's stock worth $32,000 after buying an additional 62 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $39,000. Finally, ORG Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 57.4% in the 3rd quarter. ORG Partners LLC now owns 181 shares of the business services provider's stock valued at $44,000 after acquiring an additional 66 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey purchased 5,300 shares of the firm's stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the purchase, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday. Needham & Company LLC reduced their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a research report on Wednesday, February 4th. Raymond James Financial reaffirmed an "outperform" rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Finally, Weiss Ratings lowered shares of Broadridge Financial Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $221.57.

Broadridge Financial Solutions Trading Down 0.1%

Shares of BR stock opened at $152.71 on Friday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $149.05 and a fifty-two week high of $271.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day simple moving average of $167.76 and a two-hundred day simple moving average of $198.42. The company has a market cap of $17.66 billion, a P/E ratio of 16.35 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.09. The firm 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 company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 9.51 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Monday, March 16th were paid a dividend of $0.975 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions's dividend payout ratio is currently 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.

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