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Broadridge Collaboration with CCRI Expands ClearFi Platform, Adding Crypto Sustainability Data
Prnewswire· 2024-12-18 07:00
Group 1 - A collaboration between Crypto Carbon Ratings Institute (CCRI) and Broadridge Financial Solutions aims to provide a platform for companies in Europe to comply with new sustainability reporting requirements under the EU MiCA regulation [1][2] - The MiCA framework requires Crypto-Asset Service Providers (CASPs) to present sustainability metrics and file whitepapers for assets on their platforms, with compliance starting December 30, 2024 [2][3] - The partnership will also assist asset managers and corporations in meeting new accounting rules related to greenhouse gas emissions from digital assets [3][4] Group 2 - The Broadridge-CCRI partnership is positioned to help clients navigate expanding regulatory efforts, including California's corporate climate disclosure requirements that encompass scope 3 emissions [4] - CCRI specializes in sustainability data for cryptocurrencies and blockchain technologies, utilizing peer-reviewed research to inform clients about environmental impacts [5] - Broadridge is a global technology leader that processes over 7 billion communications annually and supports daily trading of more than $10 trillion in securities [6][7]
Broadridge Appoints Ashima Ghei as Chief Financial Officer
Prnewswire· 2024-12-16 12:00
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. Broadridge Appoints Ashima Ghei as Chief Financial Officer "I have ...
Broadridge Stock Rises 11% in a Month: What You Should Know
ZACKS· 2024-11-27 17:11
Broadridge Financial Solutions, Inc. (BR) has experienced a notable rise in its stock value, climbing 10.6% in a month. This growth has outpaced the 7.7% increase in the broader industry, reflecting the company's strong performance and strategic execution across its core business segments.Broadridge's Strategic Growth Fuels SuccessBroadridge's success is largely attributed to its effective implementation of a growth strategy that focuses on governance, capital markets and wealth management. In governance, t ...
LTX, A Broadridge Company, Announces Strategic Partnership with TransFICC to Improve Connectivity and Onboarding Speeds
Prnewswire· 2024-11-26 07:00
Sell-side clients benefit from simplified integration and connectivity to LTX, reduced operational risk and implementation costs and improved time-to-marketNEW 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 effic ...
Broadridge Significantly Enhances Structured Product Trading Capabilities
Prnewswire· 2024-11-21 06:00
New enhancements address industry needs to quote at unprecedented scale, while optimizing trading technology to unlock significant efficiency gains for tradersNEW YORK and LONDON, Nov. 21, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced transformative enhancements to Tbricks, its high-performance multi-asset trading and market making solution. Broadridge's latest Structured Products Market Making enhancements are set to transform global trading o ...
Broadridge Declares Quarterly Dividend of $0.88 Per Share
Prnewswire· 2024-11-14 17:13
NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.88 per share. The dividend is payable on January 3, 2025 to stockholders of record at the close of business on December 13, 2024.About BroadridgeBroadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communicati ...
Broadridge to Participate in Upcoming Investor Event
Prnewswire· 2024-11-11 13:00
NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it will be participating at the Wolfe Research Wealth Symposium, including a fireside chat with management, available on Broadridge's Investor Relations page at www.broadridge-ir.com.Wolfe Research Wealth Symposium – New York CityDate and Time: November 13, 2024, 12:30 P.M. Eastern TimeCompany Speaker: Ashima Ghei, Interim Chief Financial OfficerAbout BroadridgeBroadridge Financial Solutions (NYSE: BR), a g ...
Broadridge: More High Single-Digit Earnings Growth Ahead
Seeking Alpha· 2024-11-10 09:33
Company Performance - Broadridge Financial Solutions, Inc. has shown a significant increase in share prices, rising by 26.57% over the past year [1] Investment Strategy - Robert F. Abbott has been managing investments since 1995 and has incorporated options strategies such as covered calls and collars with long stocks since 2010 [1]
Here is Why Growth Investors Should Buy Broadridge Financial (BR) Now
ZACKS· 2024-11-08 18:45
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Z ...
Broadridge's Q1 Earnings Meet Estimates, Decline Year Over Year
ZACKS· 2024-11-08 18:21
Core Insights - Broadridge Financial Solutions, Inc. reported first-quarter fiscal 2025 earnings that matched the Zacks Consensus Estimate, but revenues fell short of expectations [1] Financial Performance - Adjusted earnings per share were $1, reflecting an 8.3% decrease from the same quarter last year [1] - Total revenues amounted to $1.42 billion, missing the consensus mark by 3.9% and showing a slight year-over-year decline [1] - Recurring revenues reached $900 million, representing a 3% increase year over year on a reported basis and a 4% increase on a constant currency basis [2] Segment Performance - Revenues in the Investor Communication Solutions segment decreased by 1% year over year to $1 billion, slightly above the estimate of $1.52 billion [3] - The Global Technology and Operations segment generated revenues of $407 million, which was below the estimate of $437.5 million but increased by 1% year over year [3] Operating Metrics - Adjusted operating income was $185 million, down 7% from the previous year, with an adjusted operating income margin of 13%, declining by 90 basis points year over year [4] - The company ended the quarter with cash and cash equivalents of $292.8 million, down from $304.4 million in the previous quarter, while long-term debt increased to $3.6 billion from $3.4 billion [4] Cash Flow and Capital Expenditures - The company utilized $125.5 million in cash for operating activities, with capital expenditures amounting to $7.9 million during the quarter [5] - Dividends paid out during the quarter totaled $7.9 million [5] Fiscal 2025 Guidance - Broadridge raised its revenue guidance, now expecting recurring revenue growth of 6-8%, up from the previous forecast of 5-7% [6] - Adjusted earnings per share growth is anticipated to be between 8-12%, with an estimated adjusted operating income margin of around 20% [6]