Broadridge Finl Solutions Inc Stock Price, News & Analysis

BNP Paribas Securities Services, managing USD 13.7 trillion under custody, has selected Broadridge Financial Solutions (NYSE:BR) as its global securities class action services provider. The partnership aims to enhance BNP Paribas' global custody services by leveraging Broadridge's proprietary technology for identifying, filing, and recovering investment losses.

The collaboration comes at a time when securities class actions are expanding globally, with over 35 jurisdictions adopting collective redress mechanisms. In 2024, there were more than 125 recovery opportunities totaling $5.2 billion in settlements. Broadridge's solution offers comprehensive global class action coverage through its team of securities litigators, claims administrators, auditors, and data specialists.

Broadridge Financial Solutions (NYSE: BR) has extended its strategic global agreement with Upvest, a European investment infrastructure provider, to enhance end-to-end proxy voting and shareholder disclosure solutions. The partnership enables Upvest to streamline shareholder interactions and meet SRD II regulatory requirements.

Through this collaboration, Broadridge will provide Upvest with comprehensive solutions including meeting notification, vote execution, confirmation, and both digital and entry card services for online and in-person voting. Upvest will utilize Broadridge's white-labelled interface for proxy voting via its website.

The partnership also includes access to Broadridge's Shareholder Disclosure Hub, offering a proactive online reporting solution that enables clients to meet regulatory disclosure obligations through a single portal, improving operational efficiency and minimizing risk. This collaboration allows Upvest to extend its B2B services to meet growing client demands while providing retail investors with tools to exercise their shareholder rights.

Broadridge Financial Solutions (NYSE:BR) has announced a quarterly cash dividend of $0.88 per share. The dividend will be paid on April 3, 2025, to stockholders who are on record as of the close of business on March 13, 2025.

Broadridge Financial Solutions (NYSE: BR) has announced a partnership with Symphony to integrate messaging technology into its NYFIX Matching platform. The integration makes NYFIX Matching the first post-trade matching tool in the industry to offer integrated messaging capabilities.

The enhancement enables asset managers to communicate directly with brokers through Symphony's secure messaging platform, facilitating faster resolution of post-trade discrepancies and improving operational efficiency. The functionality is now available for NYFIX customers and addresses a critical market gap by responding to client demands for more direct and faster communication with brokers.

The integration aims to enhance compliance, transparency, and streamlined resolution of post-trade discrepancies while supporting the financial industry's movement towards workflow digitization.

Broadridge Financial Solutions (NYSE:BR) reported strong Q2 FY2025 results with notable growth across key metrics. Recurring revenues increased 9% to $980 million, while total revenues rose 13% to $1,589 million. The company achieved significant earnings growth, with diluted EPS up 103% to $1.20 and adjusted EPS growing 70% to $1.56.

The growth was driven by a combination of 7% organic growth and the acquisition of SIS. Event-driven revenues showed remarkable performance, increasing 126% to $125 million, primarily due to higher mutual fund communications volume. The company maintained strong margins, with operating income margin increasing to 13.3% from 8.9%.

Broadridge reaffirmed its FY2025 guidance, including 6-8% Recurring revenue growth (constant currency), 8-12% Adjusted EPS growth, and Closed sales of $290-330 million. The company completed the acquisition of Kyndryl's Securities Industry Services for approximately $185 million, expanding its GTO segment offerings in Canada.

Broadridge Financial Solutions (NYSE: BR) released its sixth Global Class Action Annual Report, revealing global securities class action settlements reached $5.2 billion across 136 settlements in 2024. The report highlights a 14% growth in U.S. settlements, exceeding the five-year average by 5%. Notable trends include:

- Ten mega-settlements surpassing $100 million each
- 28% increase in antitrust recoveries
- 222 new federal securities class action lawsuits
- Over 300 newly filed cases globally
- More than 1,000 unresolved cases tracked in 20+ countries

The report identifies key trends including the surge in ESG-related lawsuits, Europe's legal evolution under the Representative Actions Directive, increasing cryptocurrency litigation, cybersecurity settlements totaling $560 million, and rising AI-related cases. The largest settlement was the Stock Loan Antitrust Class Action at $580,008,750.

Broadridge Financial Solutions (NYSE: BR) has been named to FORTUNE's 2025 World's Most Admired Companies list for the 11th time in the Financial Data Services category. The recognition highlights Broadridge's role as a global technology leader in financial services, providing critical infrastructure and solutions for governance, capital markets, and wealth management.

The company has received numerous accolades, including consistent placement in IDC FinTech Rankings for 10 consecutive years and leadership recognition from Everest Group and Aspire. Broadridge has been certified as a Great Place to Work across 15 countries and has maintained its status as one of the 'Best Places to Work for LGBTQ+ Equality' for 12 consecutive years.

With a market capitalization of $27 billion, Broadridge has demonstrated strong financial performance, delivering annualized total shareholder returns of 19% over the last decade, positioning it in the top quartile of S&P500 companies since its public listing in 2007.

Broadridge Financial Solutions (NYSE:BR) has announced its upcoming second quarter fiscal year 2025 financial results release and conference call, scheduled for January 31, 2025. The company will host a webcast and conference call at 8:30 a.m. ET on the same day, featuring CEO Tim Gokey and CFO Ashima Ghei.

Investors can access the live webcast and presentation through Broadridge's Investor Relations website. For audio access, participants can dial 1-877-328-2502 (US) or 1-412-317-5419 (international). A replay will be available until February 7, 2025, accessible via the website or by phone using passcode 1423455.

Broadridge Financial Solutions (NYSE: BR) has enhanced its post-trade processing platform with a new GenAI-powered analytics feature within its OpsGPT® application. The enhancement enables users to generate insights and visualizations from trade data using natural language, eliminating data migration needs.

The new functionality offers multilingual support in English and Japanese, with planned Chinese language capability. Key benefits include reduced reliance on manual reporting, improved risk management, and enhanced operational efficiency. The tool helps firms navigate regulatory requirements and market dynamics, particularly addressing challenges from faster settlement cycles and compressed margins.

The feature allows users to generate instant reports and data visualizations through an intuitive interface, supporting quick identification and resolution of anomalies through predictive analytics.