Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has released a new report analyzing the early stages of compliance with the European Commission's Shareholder Rights Directive II (SRD II). Despite the directive's requirements taking effect in September 2020, many firms are still struggling to implement necessary processes. The report, based on over 350 client implementations, highlights the challenges faced by intermediaries, particularly those providing voting-related services. Broadridge emphasizes the importance of seeking experienced partners in navigating compliance complexities to avoid severe penalties.

Broadridge Financial Solutions (NYSE: BR) has teamed up with AccessFintech to launch a Strategic Gateway for Settlement Workflow, aimed at improving the resolution of multi-party settlement failures. This solution utilizes Broadridge's post-trade platforms combined with AccessFintech's cloud-based operations model, resulting in cost savings, reduced operational risk, and faster settlement resolutions. The partnership addresses inefficiencies in the current manual processes, ensuring compliance with Central Securities Depository Regulation (CSDR) requirements expected in February 2022.

Broadridge Financial Solutions, Inc. (NYSE: BR) has partnered with Q4 Inc. to enhance its Virtual Shareholder Meeting (VSM) platform, combining expertise from both firms. This upgrade introduces advanced features such as secure shareholder authentication, comprehensive meeting management tools, and improved Q&A functionality, aimed at boosting engagement during annual meetings. Broadridge, a leader in VSM technology, hosted nearly 2,000 meetings in 2020 alone and is recognized for reducing the carbon footprint associated with in-person meetings. The new platform will first launch in the U.S., with plans for future global rollout.

Broadridge Financial Solutions (NYSE: BR) reveals insights from its latest customer experience study, highlighting significant shifts in consumer behavior during the COVID-19 pandemic. While 70% of consumers increased digital interactions, 60% feel companies must enhance their customer experience, particularly millennials at 71%. The study of 3,000 North American consumers found a sustained preference for print communications, with 76% wanting physical mail even three years from now. Personalization is critical, as 43% of consumers have switched providers due to poor experiences, emphasizing the need for brands to optimize both digital and print channels.

Broadridge Financial Solutions (NYSE: BR) announced that its subsidiary LTX received U.S. Patent No. 10922773 for the RFX digital trading protocol, enhancing corporate bond trading. This AI-driven technology aims to boost liquidity and execution efficiency for broker-dealers and their clients, processing over $10 trillion in trades daily. The protocol allows brokers to better aggregate liquidity and deliver improved trade executions. The patent marks a significant advancement in the bond market, considered the most important innovation in 20 years.

Broadridge Financial Solutions' recent survey reveals that over 50% of financial firms plan to increase spending on emerging technologies like AI and blockchain in the next two years. IT budget allocation for these technologies is expected to rise from 11.8% to 15.7%, with leaders aiming for nearly 20%. The study indicates that leaders in tech adoption reported a 2.55% profit margin increase and 4.04% revenue growth, outperforming non-leaders. Cloud technology was found to be critical for operational improvements, followed by AI and digital solutions.

Broadridge Financial Solutions (NYSE: BR) announced participation in two key investor events. The first is the Raymond James 42nd Annual Institutional Investors – Virtual Conference on March 1, 2021, featuring CEO Tim Gokey at 12:30 PM ET. The second event is the Fifth Annual Evercore ISI Payments & FinTech Innovators – Virtual Forum on March 4, 2021, with CFO Edmund Reese speaking at 2:45 PM ET. Webcasts for both events will be available on Broadridge's Investor Relations website.

Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on April 2, 2021, to stockholders of record as of March 15, 2021. As a global fintech leader with a market capitalization of $4.5 billion, Broadridge provides technology-driven solutions for banks and asset managers. The company processes an average of $10 trillion in trades daily and supports proxy voting for over 50% of public companies globally, reaffirming its expertise in investor communications.