BlackRock Amends Broadridge Financial Solutions Stake
Ticker: BR · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, broadridge, blackrock
TL;DR
**BlackRock updated its Broadridge stake, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Common Stock in Broadridge Financial Solutions Inc. as of December 31, 2023. This filing, an amendment (No. 1), updates their previous disclosure regarding their stake in Broadridge. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Broadridge's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Broadridge, which can be seen as a vote of confidence or a shift in strategy by a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently indicate high risk.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock regarding Broadridge to track significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Broadridge Financial Solutions Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 1 (number) — indicates this is an update to a previous filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the filing's header and body.
Who is the 'subject company' in this filing?
The subject company is Broadridge Financial Solutions Inc., as explicitly stated under 'SUBJECT COMPANY: COMPANY DATA' in the filing.
Who is the 'filed by' entity in this document?
The entity that filed this document is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA' in the filing.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires this filing is December 31, 2023, as specified in the 'SCHEDULE 13G' section.
What is the CUSIP Number for the securities reported?
The CUSIP Number for the Common Stock of Broadridge Financial Solutions Inc. is 11133T103, as listed in the 'SCHEDULE 13G' section.
From the Filing
EDGAR Filing Documents for 0001086364-24-003768 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003768 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us11133t1034_012524.txt SC 13G/A 12015 Complete submission text file 0001086364-24-003768.txt 14011 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 5 DAKOTA DRIVE LAKE SUCCESS NY 11042 Business Address 5 DAKOTA DRIVE LAKE SUCCESS NY 11042 516-472-5400 BROADRIDGE FINANCIAL SOLUTIONS, INC. (Subject) CIK : 0001383312 (see all company filings) EIN. : 331151291 | State of Incorp.: DE | Fiscal Year End: 0630 Type: SC 13G/A | Act: 34 | File No.: 005-83109 | Film No.: 24562997 SIC : 7389 Services-Business Services, NEC (CF Office: 07 Trade & Services)