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.
As of July 2022, the number of companies utilizing the electronic proxy voting platform from Investor Communications Japan (ICJ), a venture involving Broadridge Financial Solutions and the Tokyo Stock Exchange, has surpassed 1,700, marking an increase of 499 since June 2021. Over 1,600 Prime Market-listed companies are now on the platform, representing 87% of that market by company count and 98% by market capitalization. This demonstrates significant improvement in Japan's corporate governance and voting environment, bolstered by recent revisions to the Corporate Governance Code.
Broadridge Financial Solutions (NYSE: BR) will announce its fourth quarter and fiscal year 2022 results on August 12, 2022. A webcast and conference call are scheduled for 8:30 a.m. ET on the same day, featuring CEO Tim Gokey and CFO Edmund Reese. Investors can access the live event via Broadridge's Investor Relations website, as well as dial in for audio. Webcast replays will be available until August 19, 2022.
Broadridge Financial Solutions (NYSE: BR) has appointed Tyler Derr as Chief Technology Officer (CTO), effective July 1, 2022. He will oversee the company's global technology operations, focusing on software engineering, product delivery, and cybersecurity. Tyler, who has been with Broadridge for 10 years, aims to enhance its fintech capabilities and client services. He succeeds John Hogan, who will transition to an advisory role. Broadridge reported revenues of $5 billion and underpins daily trading exceeding $9 trillion globally, highlighting its critical infrastructure in financial services.
Société Générale has partnered with Broadridge Financial Solutions (NYSE:BR) to leverage its distributed ledger technology (DLT) repo platform, enhancing capital market operations. This initiative aims to digitize the global repo market, reducing risks and operational costs while improving liquidity. With this collaboration, Société Générale joins the expanding network on Broadridge's DLR platform, which processes over $8 trillion daily. This partnership supports Société Générale's strategy to innovate financial markets, specifically the $10 trillion bilateral repo market.
Broadridge Financial Solutions (NYSE: BR) is set to participate in two key investor events this month. The first is at the J.P. Morgan Annual Global Technology, Media and Communications Conference in Boston on May 25, 2022, at 1:10 PM ET, featuring CFO Edmund Reese. The second event is the Baird Global Consumer, Technology and Services Conference in New York City on June 7, 2022, where Reese along with Head of Investor Relations Edings Thibault will host investor meetings. Broadridge generates $5 billion in revenue and facilitates the trading of over $9 trillion in securities globally.
Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.64 per share, payable on July 6, 2022, to stockholders of record as of June 15, 2022. As a global Fintech leader with $5 billion in revenues, Broadridge plays a critical role in the financial infrastructure that supports investing and corporate governance worldwide. The company's technology platforms underpin daily trading activities exceeding $9 trillion in securities.
Broadridge Financial Solutions (NYSE: BR) has launched the Retirement Income Consortium to promote guaranteed income solutions in retirement plans. This initiative aims to enhance access to retirement income options for workers, driven by the SECURE Act and growing discussions on retirement preparedness. The Consortium includes major firms like BlackRock and Prudential, focusing on creating a due diligence framework and educational resources. Upcoming activities include a free webinar series and a new retirement income certificate program, furthering the mission of financial security for Americans.
FAQ
What is the current stock price of Broadridge Financial Solutions (BR)?
What is the market cap of Broadridge Financial Solutions (BR)?
What services does Broadridge Financial Solutions provide?
How does Broadridge support its clients?
What are the main segments of Broadridge?
What recent achievements has Broadridge reported?
Who are Broadridge's main clients?
What is Broadridge’s focus for future growth?
Where is Broadridge Financial Solutions headquartered?
How large is Broadridge's workforce?
Is Broadridge a publicly traded company?
How can I learn more about Broadridge?
