Kelly Lawrence W & Associates Inc. CA Has $17.94 Million Position in Broadridge Financial Solutions, Inc. $BR

Kelly Lawrence W & Associates Inc. CA trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 73,997 shares of the business services provider’s stock after selling 695 shares during the period. Broadridge Financial Solutions accounts for approximately 4.4% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 5th biggest position. Kelly Lawrence W & Associates Inc. CA owned 0.06% of Broadridge Financial Solutions worth $17,941,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BR. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $580,000. Guggenheim Capital LLC lifted its stake in shares of Broadridge Financial Solutions by 16.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 270 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Broadridge Financial Solutions by 38.0% in the 4th quarter. GeoWealth Management LLC now owns 410 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 113 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Broadridge Financial Solutions by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,642 shares of the business services provider’s stock valued at $1,276,000 after acquiring an additional 2,872 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Broadridge Financial Solutions by 351.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,445 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 1,125 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maura A. Markus sold 3,556 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the sale, the director directly owned 30,892 shares in the company, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the sale, the president directly owned 48,813 shares of the company’s stock, valued at $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BR. 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 note on Wednesday, August 6th. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $260.5780 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $246.97 and a two-hundred day moving average price of $240.42. Broadridge Financial Solutions, Inc. has a 1-year low of $206.95 and a 1-year high of $271.91. The company has a market cap of $30.52 billion, a P/E ratio of 36.75 and a beta of 0.94.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 49.65%.

Broadridge Financial Solutions 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.