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Broadridge Financial Solutions Inc - BR STOCK NEWS

Welcome to our dedicated page for Broadridge Financial Solutions news (Ticker: BR), a resource for investors and traders seeking the latest updates and insights on Broadridge Financial Solutions stock.

Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.

Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.

With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.

Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.

Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.

Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.

News

Broadridge Launches Two AI-Enabled Tools to Optimize Product, Strategy and Distribution Decision Making for Asset Managers

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Broadridge Financial Solutions Inc. has launched DistributionAI and Global Demand Model, AI-enabled analytics tools to help asset managers optimize performance and make evidence-based decisions. DistributionAI is a digital analyst tool that provides access to global asset management market intelligence and research reports, while Global Demand Model measures and analyzes demand for asset management products using AI-driven models. These technologies aim to super-charge data analysis and provide asset managers with quicker and easier data-driven insights.
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Morningstar Investment Management & Envestnet Team Up to Deliver Personalized IRAs

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Morningstar Retirement and Envestnet are partnering to launch a managed accounts service for Individual Retirement Accounts (IRA) powered by IRALOGIX. The service will offer personalized investment advice on IRAs, combining Envestnet's fund selection and model portfolio-building capabilities with Morningstar Retirement's managed accounts methodology. It will be custodied by Matrix and is expected to launch in Q1 2024. The IRA product(s) will have no minimum account size requirements, making it accessible to those with low balances.
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Broadridge Reports First Quarter Fiscal 2024 Results

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Broadridge Financial Solutions reported strong first quarter results for fiscal year 2024. Recurring revenues grew 8% (constant currency), reaching $871 million. Diluted EPS was $0.76, while adjusted EPS grew 30% to $1.09. Closed sales increased by $19 million to $48 million. The company also repurchased $150 million of shares. Broadridge reaffirmed its fiscal 2024 guidance, including 6-9% recurring revenue growth (constant currency) and 8-12% adjusted EPS growth.
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Tokyo Stock Exchange CONNEQTOR Launches Direct Connection with Broadridge's Xilix Execution Management System

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Tokyo Stock Exchange (TSE) and Broadridge Financial Solutions have announced the launch of a direct connection between CONNEQTOR and Xilix. This connection will allow asset management companies to use CONNEQTOR directly from Xilix, providing more advanced and efficient processes. The partnership aims to enable faster and better-priced trading of ETFs for institutional investors.
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Broadridge Schedules Webcast and Conference Call to Review First Quarter Fiscal Year 2024 Results on November 2, 2023

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Broadridge Financial Solutions to release Q1 fiscal year 2024 financial results on November 2, 2023
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LTX by Broadridge Launches BondGPT+ To Empower Enterprise Financial Services Clients with Custom Generative AI Solutions

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LTX, a subsidiary of Broadridge Financial Solutions, launches BondGPT+, the enterprise version of its BondGPT application. BondGPT+ incorporates Broadridge's technology and OpenAI GPT-4 to answer bond-related questions and assist users in identifying corporate bonds on the LTX platform. It offers new capabilities for enterprise clients.
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Broadridge Launches New Fill Matching Platform, Enabling Real-Time Reconciliation for High Volume Trading

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Broadridge Financial Solutions launches NYFIX Fill Matching platform for asset managers with high volume and/or high-touch orders.
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UBS goes live on Broadridge's New Distributed Ledger Sponsored Repo Solution

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UBS successfully goes live on Broadridge's sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform, providing clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks.
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Investor Dissatisfaction with Boards Grows, New ProxyPulse Report Reveals

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Shareholder support was at a 5-year low for management and shareholder proposals alike. The proportion of company shares held by individual investors rose to 31.5%, the highest in 5 years, and more of them are voting. Expectations of Directors Are Increasing: 654 directors failed to attain majority support, the greatest number in five years. Support for Say-on-Pay proposals was the lowest in five years at 86.3% on average. Shareholder support for environmental and social proposals decreased to 25.5%, the lowest in five years. Voting participation by individual shareholders increased to 29.6%. Preference for virtual shareholder meetings remains high with close to all-time high number of virtual-only meetings in the first six months of 2023.
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Broadridge Signs First Customers for New Swift Services Including Transaction Screening Service and Securities View

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Broadridge Financial Solutions announces connectivity to Swift's API for Transaction Screening Service and Securities View, allowing financial firms to optimize sanctions compliance and improve oversight of securities lifecycle.
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FAQ

What is the current stock price of Broadridge Financial Solutions (BR)?

The current stock price of Broadridge Financial Solutions (BR) is $224.49 as of December 23, 2024.

What is the market cap of Broadridge Financial Solutions (BR)?

The market cap of Broadridge Financial Solutions (BR) is approximately 26.1B.

What services does Broadridge Financial Solutions provide?

Broadridge provides investor communications, technology-driven solutions for wealth management, asset management, and capital markets firms, including proxy voting, regulatory communications, trading, and back-office operations.

How does Broadridge support its clients?

Broadridge helps clients manage risk, achieve operational excellence, and drive growth through advanced technology services and outsourcing solutions for trading, portfolio management, and communications.

What are the main segments of Broadridge?

Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO).

What recent achievements has Broadridge reported?

Broadridge reported 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and launched the Broadridge Investor Insights analytics platform.

Who are Broadridge's main clients?

Broadridge serves banks, broker-dealers, asset managers, wealth managers, and corporate issuers worldwide.

What is Broadridge’s focus for future growth?

Broadridge focuses on addressing digitization, mutualization of capabilities, and evolving data and analytics trends while enhancing their product offerings and strategic partnerships.

Where is Broadridge Financial Solutions headquartered?

Broadridge is headquartered in New York, USA.

How large is Broadridge's workforce?

Broadridge employs over 14,000 associates globally.

Is Broadridge a publicly traded company?

Yes, Broadridge is listed on the New York Stock Exchange (NYSE) under the ticker symbol BR.

How can I learn more about Broadridge?

For more information, visit Broadridge's website at https://www.broadridge.com.

Stock BR logo
Broadridge Financial Solutions Inc

NYSE:BR

BR Rankings

#442 Ranked by Market Cap
#1562 Ranked by Dividends

BR Stock Data

26.13B
116.04M
0.68%
92.97%
1.39%
Information Technology Services
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