Broadridge Finl Solutions Inc Stock Price, News & Analysis

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.

Broadridge Financial Solutions (NYSE: BR) has appointed Annette L. Nazareth as an independent member of its Board of Directors, effective August 10, 2021. With her extensive experience, including roles as a Senior Counsel at Davis Polk and former SEC Commissioner, Nazareth adds significant regulatory expertise to the Board, which now consists of 12 members, 10 of whom are independent. Rich Daly, executive chairman, emphasized her potential to guide Broadridge through evolving regulatory challenges as the firm focuses on growth across governance and capital markets.

Broadridge Financial Solutions (NYSE: BR) announced that UBS has joined its distributed ledger repo (DLR) platform. This integration aims to enhance liquidity, reduce risk, and lower operational costs for market participants. Since its launch, DLR has achieved an impressive $35B in average daily volume. The platform enables efficient repo transactions with features like collateral detachment and smart contract execution, significantly minimizing counterparty risk. Broadridge processes over $6T in average daily volume across its platforms and serves as a critical infrastructure for financial markets.

Broadridge Financial Solutions (NYSE: BR) announced the acquisition of Alpha Omega, a leading FIX-based post-trade solutions provider, enhancing its NYFIX connectivity. This strategic acquisition consolidates Alpha Omega's solutions to better automate trade matching processes for buy-side and sell-side firms. Broadridge aims to transform post-trade technology, allowing same-day trade affirmation through NYFIX Matching, which connects over 100 brokers. With revenues exceeding $4.5 billion, Broadridge continues to innovate in the financial technology sector.

RBC Wealth Management-U.S. has partnered with Broadridge Financial Solutions to implement the Broadridge Wealth Management Platform, enhancing its digital transformation goals. This multi-year agreement aims to boost advisor productivity and improve the client experience through modern technology. The platform offers advanced features, including performance reporting and asset servicing. Broadridge, a key Fintech player with over $4.5 billion in revenues, will support RBCWM's strategy to modernize its services and integrate other Fintech solutions, further solidifying its competitive market position.

Broadridge Financial Solutions (NYSE: BR) announced a collaboration with Snowflake to enhance its asset management data solutions. This partnership aims to streamline data consolidation and analysis for trading and portfolio management in a cloud environment. The integration will allow Broadridge clients to efficiently access data from numerous sources, improving decision-making capabilities. With over $4.5 billion in revenues, Broadridge continues to solidify its position as a technology leader in the financial sector, addressing the challenges of data aggregation faced by asset managers.

On July 20, 2021, CACEIS Bank S.A. selected Broadridge Financial Solutions (NYSE:BR) to provide advanced solutions for compliance with the updated Shareholder Rights Directive (SRD II). CACEIS is now live on Broadridge's Global Proxy Voting platform and Shareholder Disclosure Hub, enhancing governance and transparency in voting and disclosure across European markets. Broadridge has implemented over 300 client solutions for SRD II globally. This partnership aims to improve shareholder engagement and communication standards between issuers and investors.