Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on July 2, 2021, to stockholders of record as of June 15, 2021. The company, a leader in Fintech, reported revenues exceeding $4.5 billion, powering critical financial infrastructure for investors globally. Broadridge's operations facilitate daily trading activities worth over $10 trillion across various securities. This dividend declaration underscores the company's commitment to returning value to its shareholders.

Broadridge Financial Solutions (NYSE: BR) has released a new whitepaper discussing the shift toward mutualization in the financial services sector post-pandemic. This model offers faster access to technology, scalability, and cost savings. The whitepaper outlines key advantages of mutualization including improved efficiency and reduced transformation risk, driven by factors like cost pressures and regulatory changes. It serves as a roadmap for firms aiming to adopt this service delivery model, highlighting necessary elements and critical questions for executives.

Broadridge Financial Solutions, Inc. (NYSE: BR) has priced $1.0 billion of 2.600% senior notes due 2031 to offset a portion of its $2.55 billion term credit agreement debt. The offering is registered under the Securities Act of 1933. Major banks including J.P. Morgan and BofA Securities are leading the joint book-running for this offering. Broadridge, a global Fintech leader, generates over $4.5 billion in revenue and underpins daily transactions exceeding $10 trillion. The funds will also be used for general corporate purposes.

Broadridge Financial Solutions reported solid financial results for Q3 and nine months ended March 31, 2021. Total revenues increased by 11% to $1.39 billion, with recurring fee revenues rising 8% to $900 million. Operating income rose by 6% to $239 million, though the operating margin slightly decreased. Adjusted EPS increased by 5% to $1.76, with a notable 20% rise in adjusted operating income. The company raised guidance for recurring revenue growth to 8-10% and adjusted EPS growth to 11-13%, reflecting strong performance and strategic investments, including the pending acquisition of Itiviti.

Broadridge Financial Solutions (NYSE: BR) has announced a partnership with FundApps to integrate regulatory compliance technology into its portfolio and order management solution. This integration aims to streamline operational challenges for clients, including enhanced shareholder disclosures and compliance monitoring. Clients, such as BennBridge, highlight the benefits of automating compliance processes to focus on core business functions. The collaboration addresses the complexities of global regulatory compliance and aims to reduce reporting times while helping firms avoid fines and reputational risks.

On April 22, 2021, AllianceBernstein made history in fixed income trading by executing a significant block trade through Broadridge's LTX platform. This marked the first instance of a buy-side firm receiving aggregated liquidity from multiple buyers in real time. The innovation allows asset managers to trade large blocks of bonds more efficiently by leveraging LTX's RFX protocol, which optimizes buyer matching and enhances liquidity. Since January 2021, over 10 dealers and 40 asset managers have joined the platform, reflecting its growing influence in the bond market.

Broadridge Financial Solutions (NYSE:BR) is set to release its financial results for the third quarter and nine months ended March 31, 2021, on May 4, 2021. A conference call will occur at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Broadridge generates over $4.5 billion in revenues, delivering technology-driven solutions to financial institutions. Their infrastructure links public companies and investors, underpinning daily trading of over $10 trillion in securities globally, emphasizing their crucial role in corporate governance and communications.