Apollon Wealth Management LLC Sells 30,859 Shares of Broadridge Financial Solutions, Inc. $BR

Apollon Wealth Management LLC lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 73.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,982 shares of the business services provider’s stock after selling 30,859 shares during the quarter. Apollon Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $1,784,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BR. Reflection Asset Management acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $25,000. Nemes Rush Group LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in Broadridge Financial Solutions during the 4th quarter worth about $28,000. WPG Advisers LLC grew its holdings in Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after acquiring an additional 62 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $37,000. Institutional investors own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. UBS Group decreased their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. DA Davidson lowered their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Needham & Company LLC dropped their price objective on shares of 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. Finally, Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the transaction, the insider owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $140.93 on Thursday. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $271.91. The company’s 50-day moving average is $148.21 and its two-hundred day moving average is $176.27. 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 company has a market cap of $16.30 billion, a PE ratio of 15.09 and a beta of 0.89.

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

Broadridge Financial Solutions Announces Dividend

The company also recently declared 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. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) 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.