Fifth Third Bancorp Cuts Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Fifth Third Bancorp lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,859 shares of the business services provider’s stock after selling 326 shares during the quarter. Fifth Third Bancorp’s holdings in Broadridge Financial Solutions were worth $5,555,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC grew its stake in shares of Broadridge Financial Solutions by 48.4% in the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Norden Group LLC boosted its holdings in Broadridge Financial Solutions by 2.6% during the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider’s stock worth $449,000 after purchasing an additional 47 shares during the last quarter. Crew Capital Management Ltd. grew its position in Broadridge Financial Solutions by 2.4% in the 1st quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider’s stock worth $490,000 after purchasing an additional 48 shares in the last quarter. Cresset Asset Management LLC increased its stake in Broadridge Financial Solutions by 1.8% in the 1st quarter. Cresset Asset Management LLC now owns 2,820 shares of the business services provider’s stock valued at $686,000 after buying an additional 49 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 7.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 747 shares of the business services provider’s stock worth $177,000 after buying an additional 49 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BR shares. Morgan Stanley increased their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, UBS Group lifted their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $261.50.

Insider Buying and Selling

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock worth $38,417,208 over the last quarter. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.5%

BR stock opened at $234.86 on Friday. The firm has a market capitalization of $27.51 billion, a PE ratio of 33.13 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a twelve month low of $208.20 and a twelve month high of $271.91. The stock has a 50-day simple moving average of $252.53 and a two-hundred day simple moving average of $242.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $3.50 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.975 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.01%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.