Broadridge Financial

Broadridge Financial Solutions, Inc. engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions. The Global Technology and Operations segment includes middle and back-office securities processing solutions, automation services, and business process outsourcing services. The company was founded in 1962 and is headquartered in Lake Success, NY.

Earnings data Q3 2021

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Broadridge reports strong Q1 earnings, eyes organic growth opportunities

Broadridge's Q1 2023 earnings call showcased strong financial performance, with a focus on recurring revenue growth and margin expansion. The company is confident in its ability to deliver another strong year in fiscal '23, despite challenges in new bookings and closed sales expectations. Broadridge remains well-positioned to capitalize on opportunities in foundational technology and organic revenue growth.

Broadridge Financial reports strong Q2 earnings, eyes growth opportunities

Broadridge Financial's Q2 performance was robust, showcasing growth in key segments and reaffirming full-year guidance. Despite challenges like decelerating growth and potential macro headwinds, the company remains optimistic about sustaining growth targets and leveraging opportunities for further expansion.

Broadridge Financial excels in Q3, poised for sustained growth

Broadridge Financial delivered a strong Q3 performance with growth across key segments and expects steady top and bottom-line growth in the fourth quarter. The company is on track to meet or exceed its 3-year financial objectives, with a focus on enhancing free cash flow conversion and capital allocation strategies.

Broadridge Financial exceeds Q4 expectations, eyes growth opportunities in M&A

Broadridge Financial reported strong Q4 results, met or exceeded financial objectives, and announced plans for dividend increase, share repurchases, and potential M&A. The company expects mid- to high single-digit recurring revenue growth, margin expansion, and strong adjusted EPS growth in fiscal '24. Challenges include sales visibility uncertainties and managing sales timing.

Broadridge Financial reports strong Q1 performance and outlines growth strategies

Broadridge Financial's Q1 2024 showcased robust financial performance and strategic initiatives for growth and margin expansion.
The company's strengths in modernizing investing, disciplined financial management, and competitive positioning bode well for future prospects.
While facing challenges in earnings impact and market competition, Broadridge eyes opportunities in debt reduction, strategic investments, and shareholder value creation.

Broadridge Financial reports strong Q2 results, eyes growth opportunities

Broadridge Financial's Q2 performance reflects a solid foundation for future growth, supported by strong revenue growth and a clear strategic vision. While facing challenges in customization and integration, the company's focus on innovation and client engagement positions it well for success. With a robust pipeline and confidence in meeting financial objectives, Broadridge is poised for continued growth and market leadership.

Broadridge Financial reports strong Q3 performance and growth outlook

Broadridge Financial's Q3 performance reflects solid growth in recurring revenue and adjusted EPS.
Despite challenges in regulatory communications timing, the company remains focused on growth and shareholder engagement.
Management's strategic focus on addressing client needs and enhancing digital capabilities positions Broadridge for long-term success.
Anticipated revenue growth and strong performance outlook indicate a positive trajectory for Broadridge Financial.

Broadridge posts record sales and dividend increase, eyes growth opportunities

Broadridge Financial's Q4 2024 performance reflects strong sales growth, financial stability, and shareholder value creation through dividends and buybacks.
The company's strategic focus on digitization, governance, and market expansion positions it well for sustained growth and profitability.
While facing challenges in maintaining growth targets, Broadridge has opportunities to leverage its strengths in technology, acquisitions, and market trends.

Broadridge Financial reports solid Q1 results, raises revenue guidance

Broadridge Financial delivered a strong performance in Q1 2025, with growth in governance and capital markets revenue. Despite challenges in Wealth and Investment Management, the company remains optimistic about the SIS acquisition and raised revenue guidance. The outlook for the year includes solid sales activity and confidence in revenue growth.

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Acquisition strategy and regular dividend payments are boding well for Broadridge Financials (BR). However, Integration risks prevail.

Strong Business Model Aids Broadridge (BR) Amid Integration Risks

Enhanced version of the industry standard RFQ protocol facilitates larger trades using patent-pending aggregation capability NEW YORK , June 22, 2023 /PRNewswire/ -- To better facilitate large trade sizes and reduce information leakage, LTX , a subsidiary of Broadridge Financial Solutions Inc.  (NYSE: BR), today announced the launch of RFQ+, a patent-pending enhanced RFQ protocol that combines pre-trade dealer selection analytics with liquidity aggregation capabilities. RFQ+ builds on existing RFQ workflows and facilitates larger trades by aggregating multiple dealer responses for their desired amounts.

New AI-Powered RFQ+ Protocol Launched by LTX, a Broadridge company

Bancorp

Patent covers Broadridge systems that help advisors hyper-target SBL borrowers, deepen client relationships and reduce attrition NEW YORK , June 20, 2023 /PRNewswire/ -- The machine learning technology that powers global Fintech leader Broadridge Financial Solutions' (NYSE: BR) ability to provide financial advisors with engagement predicting scores and other valuable insights on securities based lending (SBL) borrowers has been granted a patent by the U.S. Patent and Trademark Office. Broadridge's patented machine learning technology delivers actionable insights that help wealth organizations and advisors identify and efficiently target high propensity prospects, reduce loan attrition, better understand overall book trends to inform business decisioning, budget with better predictability and increase marketing spend effectiveness.

Broadridge Secures Patent for Machine Learning Tech Enhancing Securities Based Lending

Although acquisitions bode well for Broadridge Financial (BR), the same exposes it to newer costs and integration-related risks.

Broadridge's (BR) Business Model Aids Growth Amid Competition

Broadridge Financial Solutions is a FinTech SaaS selling into public market investment entities. The firm's value prop centers around trading/financial data and the trade lifecycle, both essential for trading firms. The company has demonstrated ongoing growth and steady margins. It also maintains a natural moat due to the high costs of entering and staying in the financial data services business. While growth has become choppy in recent quarters, I think the company's business model, as well as its position within its sector, should allow for continuing growth over many years.

Broadridge: A Good Long-Term Bet

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Generative AI application available to LTX clients immediately will enhance liquidity and price discovery and fuel trading in the $10.3 trillion U.S. corporate bond market NEW YORK , June 6, 2023 /PRNewswire/ -- LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), today announced the launch of BondGPT, an application powered by OpenAI GPT-4 that answers bond-related questions and assists users in their identification of corporate bonds on the LTX platform. By incorporating real-time liquidity information from the LTX Liquidity Cloud ®, this application will simplify workflows and bring further efficiency to users in their often-complex bond selection and portfolio construction processes, benefiting asset managers, hedge funds and dealers.

LTX by Broadridge Launches BondGPT(SM) Powered by OpenAI GPT-4

Broadridge's (BR) Global Technology and Operations business looks well poised to be driven by the Itiviti acquisition.

Broadridge (BR) Appreciates 7% in Three Months: Here's How

Broadridge Financial (BR) reported earnings 30 days ago. What's next for the stock?

Why Is Broadridge Financial (BR) Down 5.4% Since Last Earnings Report?

Bi-lateral intraday repo trade executions paving the way for broader adoption of repo for intraday funding NEW YORK , May 23, 2023 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced that DRW, Societe Generale and another global tier 1 bank have successfully executed intraday repo transactions on Broadridge's Distributed Ledger Repo (DLR) platform. These latest transactions build on the momentum of DLR's first intraday repo transaction in April 2023 and further expands the network across the global repo community.

DRW Executes Intraday Repo Transactions with Societe Generale and Another Global Tier 1 Bank, Expanding Broadridge's DLR Platform

NEW YORK , May 17, 2023 /PRNewswire/ -- The Securities Industry and Financial Markets Association (SIFMA) today recognized global Fintech leader, Broadridge Financial Solutions, Inc.  (NYSE:BR), with its Excellence in Operations Award . This award highlights Broadridge's exemplary leadership and contributions to the financial services industry.

Broadridge Recognized for Leadership in Financial Services Industry at SIFMA's 50th Annual Operations Conference

Hilltop Holdings

A better digital experience for regulatory and transactional communications NEW YORK , May 17, 2023 /PRNewswire/ -- Hilltop Securities Inc. has selected global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), to provide new regulatory communications tools, expanded market coverage, and solutions to help transform the communications experience for advisors, correspondents, and investors while driving engagement and greater digital adoption.       "We are always looking for new capabilities that help our advisors and correspondents grow their business, differentiate themselves in the market, and enhance client relationships," said David Holleran, HilltopSecurities COO.

HilltopSecurities Selects Broadridge to Provide Regulatory and Customer Communications Processing and Help Deliver A Differentiated Experience For Investors and Advisors

New features include the option to pre-set voting preferences, easy access to relevant sections of meeting materials, vote confirmations, and updates on meeting results NEW YORK , May 16, 2023 /PRNewswire/ -- To make it easier and more transparent for retail investors to participate in corporate governance and vote their proxies, Broadridge Financial Solutions Inc. (NYSE: BR) announced enhancements to its ProxyVote App. The new features help investors to view relevant information more easily and quickly on proxy proposals, preset their voting preferences on topics that matter most to them, see their votes counted as cast, and receive automatic updates on final results.

Proxy Voting Gets Easier for Investors with New Tech Enhancements in Broadridge's ProxyVote™ App

The growing number of first-time investors aren't all young, new Gen X and Boomer generation investors also on the rise Advice still reigns, but self-directed investing via online discount brokerages now hold more assets than any distribution channel for investors age 55 and younger Even among 85-year-old investors, one of every five dollars is invested via self-directed online discount brokerages, double from four years prior Younger women held a higher asset percentage in mutual funds versus their male counterparts 14% drop in households that relied primarily on active mutual funds compared to four years ago NEW YORK , May 15, 2023 /PRNewswire/ -- Three major investor trends are playing out in the asset management industry, according to the latest edition of the U.S. Investor Study from global Fintech leader, Broadridge Financial Solutions (NYSE: BR). The democratization of investing among all generations and investible asset levels, the evolution of the next-generation investor and the decline of active mutual funds are trends causing an urgent need for the fund industry and wealth managers to adjust their products and invest in new data, analytics and digital capabilities in order to address these changes.

Digitization and Democratization: Broadridge 2023 Investor Study Highlights the New Face of Investors Amid Surging Growth in Self-Directed Online Investing

Giving investors a voice can be a key differentiator for asset management firms worldwide NEW YORK , May 11, 2023 /PRNewswire/ -- The rise in demand for pass-through voting from investors, combined with support from regulators, is fostering the democratization of investing in a major way, according to a new report by global fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).  "Pass-through voting gives a voice to investment fund holders," said Demi Derem, General Manager, International Investor Communication Solutions at Broadridge.

Pass-Through Voting Enabling Democratization of Investing New Broadridge Report Shows

NEW YORK , May 10, 2023 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.725 per share. The dividend is payable July 6, 2023 to stockholders of record at the close of business on June 15, 2023.

Broadridge Declares Quarterly Dividend of $0.725 Per Share

LONDON and NEW YORK , May 3, 2023 /PRNewswire/ -- Aiviq, the leading provider of client-level AUM and asset flow reporting for global asset managers, has collaborated with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) to improve the quality and transparency of both internal sales reporting data and external market intelligence. "The strategic relationship between Aiviq and Broadridge will provide asset management firms with a better view of client AUM and asset flow data for their global market intelligence," said Greg Glass, executive director of Aiviq.

Broadridge Data and Analytics and Aiviq Enhance Data Integration and Transparency for Asset Managers

Broadridge Financial Solutions, Inc. (NYSE:BR ) Q3 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Edings Thibault - Head of IR Tim Gokey - CEO Edmund Reese - CFO Conference Call Participants David Togut - Evercore ISI Daniel Perlin - RBC Capital Markets Peter Heckmann - D.A. Davidson Darrin Peller - Wolfe Research James Faucette - Morgan Stanley Puneet Jain - JPMorgan Operator Good morning, and welcome to the Broadridge Fiscal Third Quarter 2023 Earnings Conference Call.

Broadridge Financial Solutions, Inc. (BR) Q3 2023 Earnings Call Transcript

Broadridge, a processor and distributor of proxies and regulatory filings, has delivered despite banking-industry turmoil, and economic uncertainty.

Broadridge Stock Surges After Earnings. Investors Value Consistency.

Broadridge's (BR) third-quarter fiscal 2023 revenues increase year over year.

Broadridge's (BR) Q3 Earnings Beat Estimates, Increase Y/Y

Although the revenue and EPS for Broadridge Financial (BR) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Broadridge Financial (BR) Reports Q3 Earnings: What Key Metrics Have to Say

Broadridge Financial Solutions (BR) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.93 per share a year ago.

Broadridge Financial Solutions (BR) Q3 Earnings Beat Estimates

Recurring revenues grew 8%; up 9% constant currency Diluted EPS grew 12% and Adjusted EPS grew 6% Expecting FY'23 Recurring revenue growth constant currency at higher end of 6-9% guidance range Reaffirming FY'23 outlook for continued margin expansion and 7-11% Adjusted EPS growth NEW YORK , May 2, 2023 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the third quarter ended March 31, 2023 of its fiscal year 2023. Results compared with the same period last year were as follows:   Summary Financial Results Third Quarter Nine Months Dollars in millions, except per share data 2023 2022 Change 2023 2022 Change Recurring revenues $1,082 $1,003 8 % $2,728 $2,546 7 %      Constant currency growth - Non-GAAP 9 % 9 % Total revenues $1,646 $1,534 7 % $4,222 $3,986 6 % Operating income $287 $246 17 % $482 $418 15 %      Margin 17.4 % 16.0 % 11.4 % 10.5 % Adjusted Operating income - Non-GAAP $345 $313 10 % $668 $631 6 %      Margin - Non-GAAP 21.0 % 20.4 % 15.8 % 15.8 % Diluted EPS $1.67 $1.49 12 % $2.58 $2.46 5 % Adjusted EPS - Non-GAAP $2.05 $1.93 6 % $3.81 $3.81 — Closed sales $62 $57 8 % $156 $169 (8 %) "Broadridge delivered strong third quarter results, with 9% growth in recurring revenue constant currency, continued growth in Adjusted EPS, and increasing free cash flow.

Broadridge Reports Third Quarter Fiscal 2023 Results

NEW YORK and LONDON and ZURICH , April 20, 2023 /PRNewswire/ -- CAT Financial Products Ltd. (CATFP), one of the leading independent Swiss providers of securities and investment services for structured products, has transformed its front to back office processing efficiency by implementing the international multi-asset post-trade processing solution from global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR).

CAT Financial Products Selects Broadridge for International Post-Trade Processing of Structured Products

Driving greater customer value through a single multi-asset class post-trade matching platform, leveraging FIX NEW YORK , April 19, 2023 /PRNewswire/ -- To better automate the middle and back-office functions around trade matching, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), today announced an expansion of its partnership with Linedata, a global provider of asset management and credit technology data and services. Through this expanded global partnership, Broadridge's NYFIX Matching solution will be integrated directly with Linedata's Order Management System (OMS) powered by its Asset Management Platform (AMP).

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