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.
Broadridge Financial Solutions, a $4.5 billion Fintech leader, will hold a virtual Investor Day on December 10, 2020, at 8:00 a.m. EST. Executives, including CEO Tim Gokey and CFO Edmund Reese, will present the company's strategic growth plans across governance, capital markets, and wealth management, along with new three-year growth objectives. Broadridge supports proxy voting services for over 50% of public companies and processes over U.S. $8 trillion in trades daily. For event details, visit Broadridge's Investor Relations website.
Broadridge Financial Solutions, Inc. (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on January 5, 2021. This dividend will be issued to shareholders on record as of December 15, 2020. Broadridge, a global Fintech leader with a market capitalization of $4 billion, provides investor communications and technology solutions to various financial entities. The company processes over $8 trillion in trades daily and is part of the S&P 500 Index.
Broadridge Financial Solutions has unveiled the first phase of its enhanced virtual shareholder meeting (VSM) platform, aimed at improving accessibility and engagement for corporate issuers and shareholders. The upgraded platform includes a next-gen user interface, easier meeting management, and enhanced Q&A functionality. Broadridge is set to facilitate nearly 2,000 VSMs in 2020, a significant rise from 326 in 2019. The company's historical commitment to innovation in Fintech continues to position it as a leader in investor communication solutions.
Broadridge Financial Solutions (NYSE: BR) has been selected by R.J. O'Brien & Associates to enhance its global exchange-traded derivatives operations through Broadridge's post-trade platform. This partnership aims to boost efficiency, reduce operational complexity by consolidating two back-office systems, and support RJO's strategic growth. Broadridge's platform promises productivity gains via streamlined workflows and proactive management. RJO's CEO highlighted their commitment to service excellence and innovation, positioning the firm as a leader in global derivatives processing.
Broadridge Financial Solutions (NYSE: BR) has appointed Edmund Reese as Chief Financial Officer, effective November 30, 2020. Reese, formerly CFO at American Express's Global Consumer Services Group, brings a wealth of experience in financial services, having held various senior positions since 2009. CEO Tim Gokey praised Reese's expertise in delivering results and shareholder value. The interim CFO, Matt Connor, will continue in an expanded role within the Global Technology and Operations team. Broadridge is a leading $4 billion fintech provider, processing over $8 trillion in trades daily.
Magnifi, a TIFIN Group company, has integrated Fi360 Fiduciary Score® into its investment platform, enhancing the ability of advisors to suggest suitable investment products while adhering to fiduciary standards. This partnership aims to facilitate compliance with Reg BI requirements, providing tools for efficient client and retirement plan management. CEO Rick Hurwitz emphasized the importance of this integration amid market volatility and rising interest in ESG themes. A webinar demonstrating the new features will occur on November 10, 2020, at 2:00 p.m. ET.
Broadridge Financial Solutions (NYSE: BR) reported a strong first quarter for FY2021, with total revenues of $1,017 million, a 7% increase year-over-year. Recurring fee revenues grew by 8% to $671 million, driven by net new business onboarding. Operating income rose 8% to $79 million, while diluted EPS increased 17% to $0.56. Notably, adjusted operating income surged 45% to $151 million. The company updated its guidance, expecting recurring revenue growth of 3-6% and adjusted EPS growth of 6-10% for the full fiscal year.
Broadridge Financial Solutions (NYSE:BR) has announced the integration of its AI-driven trading platform, LTX, with Charles River Investment Management Solution. This collaboration aims to enhance efficiency in the corporate bond market by enabling users to digitize workflows, improving liquidity and execution for illiquid corporate bonds. LTX processes over $7 trillion daily and utilizes next-gen AI to provide insights for better trading decisions. The partnership is positioned to empower institutional investors to connect more effectively with dealers, optimizing trade execution.
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?
