Broadridge Finl Solutions Inc Stock Price, News & Analysis

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.

Broadridge Financial Solutions (NYSE: BR) has partnered with USRowing to support the U.S. Women's National Team. The collaboration includes launching an elite athlete management program for up to five women athletes, offering them work experience and economic support during their training for the Paris 2024 Olympic Games. Over a three-year period, Broadridge will also sponsor USRowing's Youth National Championship and Golden Oars Gala. Broadridge reported revenues of $5 billion and serves as a vital infrastructure provider for the financial services industry.

Broadridge Financial Solutions (NYSE:BR) reported a robust third quarter for fiscal 2022, with total revenues of $1.534 billion, up 10% year-over-year, and recurring revenues growing by 16% to $1.012 billion. Adjusted EPS rose 10% to $1.93, while diluted EPS increased by 6% to $1.49. Closed sales surged 42% year-to-date. Based on strong performance, the company raised its fiscal year 2022 Adjusted EPS growth guidance to 13-15%, up from 11-15%. Despite increased operating costs related to acquisitions, Broadridge remains well-positioned for continued growth.

Broadridge Financial Solutions (NYSE: BR) has formed a new Buy-Side Advisory Group for its AI-driven trading platform, LTX. Comprising senior credit traders from major firms including BlackRock and PIMCO, the group aims to enhance the platform's efficiency and liquidity in corporate bond trading. With over 50 asset managers and two dozen dealers onboard, LTX has facilitated over $4 billion in bonds offered since its inception. The Advisory Group will provide user-level insights for product development and improve buy-side execution workflows.