Broadridge
About: Broadridge Financial Solutions, which was spun off from Automatic Data Processing in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions and global technology and operations.
Employees: 14,600
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
470% more call options, than puts
Call options by funds: $37.1M | Put options by funds: $6.51M
136% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 58
9% more funds holding
Funds holding: 914 [Q2] → 993 (+79) [Q3]
3% more repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 345
2% more capital invested
Capital invested by funds: $21.9B [Q2] → $22.3B (+$330M) [Q3]
5.34% less ownership
Funds ownership: 94.39% [Q2] → 89.05% (-5.34%) [Q3]
14% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 6 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$207
8%
downside
Avg. target
$230
2%
upside
High target
$250
11%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
DA Davidson Peter Heckmann 74% 1-year accuracy 34 / 46 met price target | 5%downside $215 | Neutral Maintained | 10 Dec 2024 |
UBS Alex Kramm 85% 1-year accuracy 11 / 13 met price target | 11%upside $250 | Neutral Initiated | 21 Nov 2024 |
RBC Capital Daniel Perlin 87% 1-year accuracy 45 / 52 met price target | 9%upside $246 | Outperform Reiterated | 6 Nov 2024 |
Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target | 8%downside $207 | Equal-Weight Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 12 articles about BR published over the past 30 days
Neutral
PRNewsWire
3 days ago
Broadridge Collaboration with CCRI Expands ClearFi Platform, Adding Crypto Sustainability Data
Comprehensive solution for clients required to disclose sustainability metrics and generate whitepapers as per EU MiCA regulation NEW YORK , Dec. 18, 2024 /PRNewswire/ -- A new, pioneering collaboration between the Crypto Carbon Ratings Institute (CCRI), a leader in sustainability data on digital assets, and Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, will deliver an integrated communications, data, and disclosure generation platform to help companies operating in Europe, including exchanges, brokers and asset managers to meet new sustainability reporting requirements. This integration combines CCRI's trusted sustainability data with Broadridge's ClearFI digital asset information and disclosure platform, enabling financial services firms to demonstrate compliance with the European Union's (EU) Markets in Crypto-Assets (MiCA) regulations.
Neutral
PRNewsWire
5 days ago
Broadridge Appoints Ashima Ghei as Chief Financial Officer
NEW YORK , Dec. 16, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that the Broadridge Board of Directors has appointed Ashima Ghei as the Company's Chief Financial Officer (CFO), effectively immediately. Ghei has led Broadridge's global Finance team as Interim CFO since July 1, 2024, and has been instrumental in driving the company's financial strategy and execution forward in the first half of FY25.
Neutral
PRNewsWire
1 week ago
First Abu Dhabi Bank Chooses Broadridge to Build Global Agency Securities Finance Business
Expansion of securities finance within the UAE and broader Middle East NEW YORK and ABU DHABI, UAE and LONDON , Dec. 11, 2024 /PRNewswire/ -- To drive expansion of Securities Lending in the UAE and wider Middle East, First Abu Dhabi Bank (FAB) has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), to support the build out of its global agency securities finance business. This collaboration marks a significant milestone in the expansion of securities finance within the UAE and the broader Middle East region.
Neutral
PRNewsWire
1 week ago
Everest Group Positions Broadridge in the Highest Leader Position in Market Impact and as a Star Performer in Wealth Management Products PEAK Matrix® Assessment 2024
Everest Group PEAK Matrix® highlights Broadridge's relative market success and overall capability of technology based on performance, experiences, ability, and knowledge NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announces its recognition as the highest-designated Leader in Market Impact and a Star Performer in wealth management for the second year in a row by independent research firm Everest Group in their 2024 Wealth Management Products PEAK Matrix® Assessment. "Broadridge's continuous investments in its wealth platform enable it to deliver better customer insights, enhanced engagement with clients, and more collaborative business opportunities," says Kriti Gupta, Practice Director, Everest Group.
Neutral
PRNewsWire
1 week ago
Broadridge Announces First-of-its-Kind AI-Powered Algorithm Insights Service
NEW YORK , Dec. 9, 2024 /PRNewswire/ -- To transform the landscape of algorithmic trading, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of an innovative AI-powered algorithm insights service for NYFIX. Driven by real-time liquidity mapping, the service is designed to empower asset managers, hedge funds, and other buy-side firms to achieve unprecedented accuracy, seamless workflow integration, and proven cost-efficiency.
Neutral
Zacks Investment Research
2 weeks ago
Broadridge Financial (BR) Up 6.1% Since Last Earnings Report: Can It Continue?
Broadridge Financial (BR) reported earnings 30 days ago. What's next for the stock?
Neutral
PRNewsWire
2 weeks ago
Broadridge Tailored Shareholder Report Solution Wins Nicsa NOVA Innovation in Operations Award
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Nicsa, a prominent asset and wealth management industry association, awarded its 2024 NOVA "Innovation in Operations" award to Broadridge Financial Solutions, Inc. (NYSE:BR), for its Tailored Shareholder Reports solution designed to address complexities introduced by the SEC's TSR ruling, which came into effect in July 2024. The awards recognize best-in-class initiatives, technologies and leadership in the asset and wealth management industry.
Positive
Zacks Investment Research
2 weeks ago
Why Broadridge Financial Solutions (BR) is a Top Stock for the Long-Term
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
Positive
Zacks Investment Research
3 weeks ago
Broadridge Stock Rises 11% in a Month: What You Should Know
BR gains advantages from its growth initiatives across governance, capital markets and wealth management.
Neutral
PRNewsWire
3 weeks ago
LTX, A Broadridge Company, Announces Strategic Partnership with TransFICC to Improve Connectivity and Onboarding Speeds
Sell-side clients benefit from simplified integration and connectivity to LTX, reduced operational risk and implementation costs and improved time-to-market NEW YORK , Nov. 26, 2024 /PRNewswire/ -- LTX, an AI-powered fixed income trading platform backed by global Fintech leader, Broadridge Financial Solutions Inc. (NYSE:BR), today announced its strategic partnership with TransFICC, a leading provider of e-trading technology for fixed income markets. This collaboration enables dealers to more quickly and efficiently onboard and connect to LTX, via TransFICC's One API for eTrading platform.
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