Cullen Frost Bankers Inc. Decreases Stock Position in Broadridge Financial Solutions, Inc. $BR

Cullen Frost Bankers Inc. cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,703 shares of the business services provider’s stock after selling 3,861 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Broadridge Financial Solutions were worth $3,728,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Broadridge Financial Solutions by 0.7% during the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after buying an additional 14,631 shares during the period. New York State Common Retirement Fund boosted its position in shares of Broadridge Financial Solutions by 14.6% in the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock valued at $22,523,000 after acquiring an additional 12,024 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Broadridge Financial Solutions by 46.8% in the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after acquiring an additional 292,801 shares during the period. Nordea Investment Management AB grew its stake in Broadridge Financial Solutions by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 290,717 shares of the business services provider’s stock valued at $65,260,000 after acquiring an additional 62,273 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Broadridge Financial Solutions by 637.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 50,317 shares of the business services provider’s stock valued at $11,984,000 after acquiring an additional 43,494 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced 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. 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 report on Monday, May 4th. Royal Bank Of Canada lowered their price objective on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and set a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.57.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $150.11 on Friday. The company’s fifty day moving average price is $159.91 and its 200-day moving average price is $192.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 16.07 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a one year low of $139.79 and a one year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm posted $2.44 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.90 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 41.76%.

Insider Activity

In other news, CEO Timothy C. Gokey acquired 5,300 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares of the company’s stock, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

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.