PNC Financial Services Group Inc. Acquires 6,602 Shares of Broadridge Financial Solutions, Inc. $BR

PNC Financial Services Group Inc. grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,697 shares of the business services provider’s stock after buying an additional 6,602 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Broadridge Financial Solutions were worth $9,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BR. Oslo Pensjonsforsikring AS bought a new stake in Broadridge Financial Solutions in the first quarter valued at about $339,000. Andra AP fonden lifted its stake in Broadridge Financial Solutions by 35.1% during the first quarter. Andra AP fonden now owns 86,900 shares of the business services provider’s stock worth $14,120,000 after purchasing an additional 22,600 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the first quarter valued at approximately $78,000. Commerzbank Aktiengesellschaft FI boosted its holdings in Broadridge Financial Solutions by 52.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 7,255 shares of the business services provider’s stock valued at $1,179,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Broadridge Financial Solutions by 17.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,321 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 500 shares during the period. 90.03% of the stock is owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction dated 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 in the company, valued at $155. This represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BR shares. DA Davidson dropped their target price on 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 decreased their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. UBS Group dropped 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, May 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.57.

Broadridge Financial Solutions Stock Up 3.1%

Shares of BR opened at $148.84 on Friday. The company has a market capitalization of $17.21 billion, a P/E ratio of 15.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91. The business’s 50 day simple moving average is $146.21 and its 200-day simple moving average is $167.17.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the firm posted $2.44 EPS. The business’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. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s payout ratio is currently 41.76%.

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.