Broadridge Financial Solutions, Inc. (BR) has had an impressive run over the past year. The stock has gained 28%, significantly outperforming the 14% growth of the industry it belongs to and the 23% rally of the Zacks S&P 500 composite. Factors That Augur Well Increasing presence in EMEA and APAC through the Itiviti acquisition has boosted Broadridge's global technology and operations segment. The segment's revenues increased 5% year over year in fiscal 2023 and we expect them to be up 9.5% in fiscal 2024. ...

A month has gone by since the last earnings report for Broadridge Financial Solutions (BR) . Shares have added about 2.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Broadridge Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Broadridge Beats Q3 Ea ...

NEW YORK, June 4, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that Edmund Reese, Chief Financial Officer, will be stepping down from his role, effective June 30, 2024, to become Chief Financial Officer of Aon, a $61 billion market capitalization global professional services firm. Ashima Ghei, who is currently the Chief Financial Officer of Broadridge's $4.5 billion revenue Investor Communication Solutions segment, will serve as Interim Chief Financial Officer. Broadri ...

Broadridge Financial Solutions, Inc. (BR) has had an impressive run over the past year. The company's shares have gained a whopping 32.3%, significantly outperforming the 16.5% rally of the industry it belongs to and the 26% rise of the Zacks S&P 500 composite. The company today announced the acquisition of AdvisorTarget, a provider of data products to asset management and wealth Management firms. The move is aimed at supporting clients with more personalized and effective marketing campaigns. The acquisiti ...

Combining forward-looking advisor intent data with asset holding data enables precision-targeted, costeffective digital marketing and sales strategies NEW YORK, May 30, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement programs targeting financial advisors. Adding AdvisorT ...

Key Trends in U.S. Investor Behavior - Gen-Z, Millennial, and Gen-X investors are steadily increasing their share of assets, while Boomers and the Silent Generation's assets continue to decline [1] - Self-directed investing is rising in popularity across generations, with 31% of all investors allocating assets to online discount brokerage platforms [5] - Mutual funds are losing favor among Americans, with allocations to ETFs and U S equities on the rise [1] Self-Directed Investing Growth - Since 2018, the number of investors adopting self-directed investing has surged, with 23% of assets now held via online discount brokerages, up from 14% in 2018 [5] - High-Net-Worth investors rely more on self-directed investing compared to Mass Market and Mass Affluent cohorts, with nearly 25% of assets in this channel [6] - Gen-Z, Millennial, and Gen-X investors collectively increased their self-directed assets by 9 percentage points to 36%, while Boomers and the Silent Generation saw declines [7] Generational Shifts in Investing - Millennial investors are on track to surpass Gen-X investors, with their count increasing by 9 percentage points since 2018, from 13% to 22% [8] - The average number of investments held by Millennials grew from 6 in 2018 to 10 in 2023, the fastest increase among all generations [9] - Gen-Z, Millennial, and Gen-X investors are increasingly favoring ETFs and U S equities over mutual funds, with Gen-Z doubling equity ownership from 0 2% to 0 4% since 2018 [12] ETF and Equity Investments - ETF usage rose to 47% in 2023 from 31% in 2018 and is expected to exceed 50% by 2025 [10] - Mutual fund assets dropped below equity assets in individual investors' portfolios for the first time in 2023, with mutual fund ownership declining from 72% in 2018 to 62% in 2023 [11] - The average number of equity investments held by investors doubled from 4 in 2018 to 8 in 2023 [11] Demographic Insights - Female investors have higher median assets than male investors, with $52,105 compared to $50,271 in 2023 [10] - Men make up 51% of investors and control 55% of assets in 2023, up slightly from 54% in 2018 [18] - The share of investors without a college degree exceeded 50% for the first time in 2022, reaching 51% in 2023 [18] Industry Implications - The democratization of investing has accelerated, with online discount brokers gaining a larger share of assets, jumping from 14% in 2018 to 23% in 2023 [18] - Asset managers, broker-dealers, and advisors are evolving their practices to better serve a more diverse class of investors across generations [4] - Broadridge's U S Investor Study provides critical insights into investor habits and sales channels, helping firms align resources and make informed strategic decisions [14]

NEW YORK, May 16, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.80 per share. The dividend is payable July 5, 2024 to stockholders of record at the close of business on June 14, 2024. About Broadridge Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications ...

NEW YORK and TORONTO, May 13, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it will acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms. Kyndryl intends to partner with Broadridge Canada by providing managed service ...

NEW YORK, May 9, 2024 /PRNewswire/ -- LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), today announced its integration with MultiLynq, a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions like MultiLynq assist dealers and other market participants in more quickly onboarding to LTX, joining the 35+ dealers and 90+ asset managers already on the AI-powered corporate bond trading platform. "Mos ...

Broadridge Financial Solutions, Inc.’s (BR) third-quarter fiscal 2024 earnings met the Zacks Consensus Estimate, while revenues missed the same.BR’s adjusted earnings (adjusting 44 cents from non-recurring items) of $2.2 per share increased 8.8% from the year-ago quarter. Total revenues of $1.7 billion missed the consensus mark by 1.8% and were up 4.9% year over year.Recurring revenues of $1.1 billion increased 4% year over year on a reported and constant-currency basis.The stock of the company has gained 3 ...