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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.
Broadridge Financial Solutions (NYSE: BR) has successfully completed its acquisition of Itiviti Holding AB, a key player in trading and connectivity technology for capital markets. This acquisition strengthens Broadridge's Capital Markets franchise, enhancing its front-office capabilities and multi-asset class solutions. Itiviti, serving top global investment banks and brokers, offers scalable solutions that promote cost efficiency. The deal extends Broadridge's international reach, particularly in APAC and EMEA, positioning the company to better serve global financial institutions.
Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on July 2, 2021, to stockholders of record as of June 15, 2021. The company, a leader in Fintech, reported revenues exceeding $4.5 billion, powering critical financial infrastructure for investors globally. Broadridge's operations facilitate daily trading activities worth over $10 trillion across various securities. This dividend declaration underscores the company's commitment to returning value to its shareholders.
Broadridge Financial Solutions (NYSE: BR) has released a new whitepaper discussing the shift toward mutualization in the financial services sector post-pandemic. This model offers faster access to technology, scalability, and cost savings. The whitepaper outlines key advantages of mutualization including improved efficiency and reduced transformation risk, driven by factors like cost pressures and regulatory changes. It serves as a roadmap for firms aiming to adopt this service delivery model, highlighting necessary elements and critical questions for executives.
Broadridge Financial Solutions, Inc. (NYSE: BR) has priced $1.0 billion of 2.600% senior notes due 2031 to offset a portion of its $2.55 billion term credit agreement debt. The offering is registered under the Securities Act of 1933. Major banks including J.P. Morgan and BofA Securities are leading the joint book-running for this offering. Broadridge, a global Fintech leader, generates over $4.5 billion in revenue and underpins daily transactions exceeding $10 trillion. The funds will also be used for general corporate purposes.
Broadridge Financial Solutions reported solid financial results for Q3 and nine months ended March 31, 2021. Total revenues increased by 11% to $1.39 billion, with recurring fee revenues rising 8% to $900 million. Operating income rose by 6% to $239 million, though the operating margin slightly decreased. Adjusted EPS increased by 5% to $1.76, with a notable 20% rise in adjusted operating income. The company raised guidance for recurring revenue growth to 8-10% and adjusted EPS growth to 11-13%, reflecting strong performance and strategic investments, including the pending acquisition of Itiviti.
Broadridge Financial Solutions (NYSE: BR) has announced a partnership with FundApps to integrate regulatory compliance technology into its portfolio and order management solution. This integration aims to streamline operational challenges for clients, including enhanced shareholder disclosures and compliance monitoring. Clients, such as BennBridge, highlight the benefits of automating compliance processes to focus on core business functions. The collaboration addresses the complexities of global regulatory compliance and aims to reduce reporting times while helping firms avoid fines and reputational risks.
On April 22, 2021, AllianceBernstein made history in fixed income trading by executing a significant block trade through Broadridge's LTX platform. This marked the first instance of a buy-side firm receiving aggregated liquidity from multiple buyers in real time. The innovation allows asset managers to trade large blocks of bonds more efficiently by leveraging LTX's RFX protocol, which optimizes buyer matching and enhances liquidity. Since January 2021, over 10 dealers and 40 asset managers have joined the platform, reflecting its growing influence in the bond market.
Broadridge Financial Solutions (NYSE:BR) is set to release its financial results for the third quarter and nine months ended March 31, 2021, on May 4, 2021. A conference call will occur at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Broadridge generates over $4.5 billion in revenues, delivering technology-driven solutions to financial institutions. Their infrastructure links public companies and investors, underpinning daily trading of over $10 trillion in securities globally, emphasizing their crucial role in corporate governance and communications.
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