Kestra Investment Management LLC Raises Holdings in Broadridge Financial Solutions, Inc. $BR

Kestra Investment Management LLC grew its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 620 shares of the business services provider’s stock after buying an additional 112 shares during the quarter. Kestra Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BR. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions in the 1st quarter worth $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock worth $33,000 after buying an additional 131 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth $34,000. Continuum Advisory LLC lifted its holdings 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 buying an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after buying an additional 117 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 5,674 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the sale, the chief executive officer directly owned 143,285 shares in the company, valued at approximately $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 147,532 shares of company stock valued at $38,417,208. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a report on Monday, May 19th. UBS Group upped their price objective 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. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC upped their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus price target of $261.50.

Broadridge Financial Solutions Trading Down 0.4%

Broadridge Financial Solutions stock opened at $252.41 on Wednesday. The stock has a 50-day moving average of $250.96 and a two-hundred day moving average of $241.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a one year low of $207.21 and a one year high of $271.91. The stock has a market cap of $29.56 billion, a PE ratio of 35.60 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, beating 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’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. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal 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 paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.01%.

About Broadridge Financial Solutions

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.