Fintel reports that on November 21, 2024, UBS initiated coverage of Broadridge Financial Solutions (NYSE:BR) with a Neutral recommendation.
Analyst Price Forecast Suggests 0.83% Upside
As of November 21, 2024, the average one-year price target for Broadridge Financial Solutions is $227.26/share. The forecasts range from a low of $209.07 to a high of $258.30. The average price target represents an increase of 0.83% from its latest reported closing price of $225.39 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Broadridge Financial Solutions is 6,900MM, an increase of 6.18%. The projected annual non-GAAP EPS is 8.52.
What is the Fund Sentiment?
There are 1,718 funds or institutions reporting positions in Broadridge Financial Solutions. This is an increase of 90 owner(s) or 5.53% in the last quarter. Average portfolio weight of all funds dedicated to BR is 0.25%, an increase of 4.12%. Total shares owned by institutions increased in the last three months by 1.02% to 123,407K shares. 
The put/call ratio of BR is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 10,262K shares representing 8.78% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,738K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 3,705K shares , representing an increase of 0.87%. The firm decreased its portfolio allocation in BR by 5.66% over the last quarter.
Janus Henderson Group holds 3,237K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 3,288K shares , representing a decrease of 1.59%. The firm decreased its portfolio allocation in BR by 64.35% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,033K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 2,968K shares , representing an increase of 2.16%. The firm decreased its portfolio allocation in BR by 6.96% over the last quarter.
Geode Capital Management holds 3,000K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 2,985K shares , representing an increase of 0.51%. The firm decreased its portfolio allocation in BR by 47.01% over the last quarter.
Broadridge Financial Solutions Background Information
(This description is provided by the company.)
Broadridge Financial Solutions, a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. Broadridge delivers technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge's technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
