Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE:BR) has been recognized in the 2021 IDC Fintech Rankings, achieving 14th place, a rise of three spots from 2020. This marks the seventh consecutive year Broadridge has received this honor, highlighting its commitment to innovative solutions for financial institutions. The IDC rankings assess leading technology providers based on revenues attributed to financial services. According to forecasts, global IT spending in this sector is expected to reach $590 billion by 2025, underscoring the importance of digital transformation.

Broadridge Financial Solutions (NYSE: BR) announced the completion of its first fixed income trades for the Sponsored General Collateral (GC) Service, developed in partnership with DTCC and BNY Mellon. This service allows for triparty repo activity on a general collateral basis, enhancing post-trade capabilities in new asset classes. The initiative aims to improve liquidity, reduce balance sheet consumption, and expand financing offerings. With over $4.5 billion in revenue, Broadridge continues to lead in financial technology, serving banks, broker-dealers, and other financial institutions globally.

Broadridge Fi360 Solutions has enhanced its Decision Optimizer software to assist financial advisors in complying with the Department of Labor's Prohibited Transaction Exemption PTE 2020-02, effective December 20, 2021. The upgraded tool, originally launched in July 2020, provides specific rollover analysis, fee benchmarking, and compliance support tailored for evolving regulations. Collaborating with the Pension Resource Institute, Broadridge aims to simplify fiduciary processes for advisors, addressing challenges introduced by new compliance requirements while leveraging over 20 years of experience in fiduciary advisory.

On September 7, 2021, Broadridge Financial Solutions (NYSE: BR) announced the appointment of Ted Bragg and Jim Kwiatkowski to the leadership team of LTX, enhancing their AI-driven digital trading platform for corporate bonds. Bragg, with over 30 years in global markets, will optimize trading capabilities, while Kwiatkowski has extensive experience in transaction sales. LTX now boasts over a dozen dealers and 50 asset managers, with expectations for further growth.

Broadridge Financial Solutions (NYSE: BR) announced on September 7, 2021, that Hamburg Commercial Bank has implemented its Payments as a Service platform. This cloud-based solution is designed to enhance international payments processing for corporate clients. It aims to improve operational efficiency, scalability, and adaptability to regulatory challenges while delivering a best-in-class technology experience. The project is set to expand its features in the future, including SEPA payment services. Broadridge continues to invest in modernizing payment processing systems to benefit European banks.

Broadridge Financial Solutions (NYSE: BR) announced participation in two investor events: the DA Davidson 20th Annual Software and Internet Conference on September 9, 2021, and the Piper Sandler Global Technology Conference on September 13, 2021. Chief Financial Officer Edmund Reese and Head of Investor Relations Edings Thibault will hold meetings with investors, with Reese also partaking in a Q&A session at the Piper Sandler event. Webcast links for both events will be available on the company's Investor Relations homepage.

Broadridge Financial Solutions (NYSE: BR) announced a significant expansion of its Direct Market Solutions, enhancing its Global Proxy service. This expansion includes coverage of 20 key markets, improving voting windows by up to three days, and reducing costs for custodians. Since the implementation of the Shareholder Rights Directive II in September 2020, Broadridge has processed over 89,000 meetings. With over $4.5 billion in revenue, Broadridge continues to innovate corporate governance and investor communication.

According to a recent survey by Broadridge Financial Solutions, 96% of investors working with financial advisors express satisfaction. The survey highlights that 44% of investors without advisors, and 65% of millennial investors, are likely to seek advisory services in the next two years. Additionally, 52% of investors now use self-directed brokerage accounts, with a growing trend towards increased trading frequency. Despite market volatility, 66% of investors maintain a positive outlook on their personal finances and 53% are optimistic about the stock market.

Broadridge Financial Solutions reported strong Q4 and fiscal year 2021 results with total revenues increasing 12% year-over-year to $1,532 million in Q4 and 10% to $4,994 million for the year. Recurring fee revenues grew 15% to $1,065 million in Q4 and 10% to $3,333 million for the year. Diluted EPS rose 12% to $2.20 in Q4 and 18% to $4.65 annually. The company raised its annual dividend by 11% to $2.56 per share, marking 15 consecutive years of increases. Looking forward, Broadridge expects 12-15% recurring revenue growth in FY 2022.