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NYSE:BR

Broadridge Financial Solutions (BR) Stock Price, News & Analysis

Broadridge Financial Solutions logo
$225.39 +0.55 (+0.24%)
(As of 11/20/2024 ET)

About Broadridge Financial Solutions Stock (NYSE:BR)

Key Stats

Today's Range
$222.01
$226.03
50-Day Range
$208.22
$229.01
52-Week Range
$183.60
$230.00
Volume
452,398 shs
Average Volume
519,114 shs
Market Capitalization
$26.35 billion
P/E Ratio
38.99
Dividend Yield
1.56%
Price Target
$217.83
Consensus Rating
Moderate Buy

Company Overview

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions. It also offers ProxyEdge, an electronic proxy delivery and voting solution; data-driven solutions and an end-to-end platform for content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services; solutions for public corporations and mutual funds; data and analytics solutions; SEC filing and capital markets transaction services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. Its Global Technology and Operations segment provides solutions that automate the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives, order capture and execution, trade confirmation, margin, cash management, clearing and settlement, reference data management, reconciliations, securities financing and collateral management, asset servicing, compliance and regulatory reporting, portfolio accounting, and custody-related services. This segment also offers business process outsourcing services; technology solutions, such portfolio management, compliance, fee billing, and operational support solutions; and capital market and wealth and investment management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.

Broadridge Financial Solutions Stock Analysis - MarketRank™

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90th Percentile Overall Score

BR MarketRank™: 

Broadridge Financial Solutions scored higher than 90% of companies evaluated by MarketBeat, and ranked 41st out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Broadridge Financial Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Broadridge Financial Solutions has only been the subject of 2 research reports in the past 90 days.

  • Read more about Broadridge Financial Solutions' stock forecast and price target.
  • Earnings Growth

    Earnings for Broadridge Financial Solutions are expected to grow by 9.61% in the coming year, from $8.53 to $9.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Broadridge Financial Solutions is 38.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Broadridge Financial Solutions is 38.99, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.21.

  • Price to Book Value per Share Ratio

    Broadridge Financial Solutions has a P/B Ratio of 12.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Broadridge Financial Solutions' valuation and earnings.
  • Percentage of Shares Shorted

    1.40% of the float of Broadridge Financial Solutions has been sold short.
  • Short Interest Ratio / Days to Cover

    Broadridge Financial Solutions has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Broadridge Financial Solutions has recently increased by 3.18%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Broadridge Financial Solutions pays a meaningful dividend of 1.55%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Broadridge Financial Solutions has been increasing its dividend for 18 years.

  • Dividend Coverage

    The dividend payout ratio of Broadridge Financial Solutions is 60.90%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Broadridge Financial Solutions will have a dividend payout ratio of 37.65% next year. This indicates that Broadridge Financial Solutions will be able to sustain or increase its dividend.

  • Read more about Broadridge Financial Solutions' dividend.
  • Percentage of Shares Shorted

    1.40% of the float of Broadridge Financial Solutions has been sold short.
  • Short Interest Ratio / Days to Cover

    Broadridge Financial Solutions has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Broadridge Financial Solutions has recently increased by 3.18%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Broadridge Financial Solutions has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Broadridge Financial Solutions this week, compared to 10 articles on an average week.
  • Search Interest

    Only 3 people have searched for BR on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Broadridge Financial Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Broadridge Financial Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,748,962.00 in company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of Broadridge Financial Solutions is held by insiders.

  • Percentage Held by Institutions

    90.03% of the stock of Broadridge Financial Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Broadridge Financial Solutions' insider trading history.
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BR Stock News Headlines

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BR Stock Analysis - Frequently Asked Questions

Broadridge Financial Solutions' stock was trading at $205.75 at the beginning of the year. Since then, BR shares have increased by 9.5% and is now trading at $225.39.
View the best growth stocks for 2024 here
.

Broadridge Financial Solutions, Inc. (NYSE:BR) issued its quarterly earnings data on Tuesday, November, 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The company's revenue was down .6% on a year-over-year basis.
Read the conference call transcript
.

Top institutional shareholders of Broadridge Financial Solutions include State Street Corp (4.43%), Janus Henderson Group PLC (2.77%), Geode Capital Management LLC (2.57%) and Jensen Investment Management Inc. (1.41%). Insiders that own company stock include Timothy C Gokey, Richard J Daly, Leslie A Brun, Christopher John Perry, Robert Schifellite, Thomas J Perna, Maura A Markus, Douglas Richard Deschutter, Robert N Duelks, Keir D Gumbs, Thomas P Carey, Laura Matlin, Richard John Stingi and Vijay Mayadas.
View institutional ownership trends
.

Shares of BR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Broadridge Financial Solutions investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Home Depot (HD), Alphabet (GOOG), Intel (INTC), Chevron (CVX) and Visa (V).

Company Calendar

Ex-Dividend for 10/3 Dividend
9/12/2024
Dividend Payable
10/03/2024
Last Earnings
11/05/2024
Today
11/20/2024
Ex-Dividend for 1/3 Dividend
12/13/2024
Dividend Payable
1/03/2025
Next Earnings (Estimated)
2/06/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
11133T10
Fax
N/A
Employees
14,600
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$217.83
High Stock Price Target
$246.00
Low Stock Price Target
$185.00
Potential Upside/Downside
-3.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$698.10 million
Pretax Margin
13.31%

Debt

Sales & Book Value

Annual Sales
$6.51 billion
Cash Flow
$11.71 per share
Book Value
$18.35 per share

Miscellaneous

Free Float
115,369,000
Market Cap
$26.35 billion
Optionable
Optionable
Beta
1.05

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This page (NYSE:BR) was last updated on 11/21/2024 by MarketBeat.com Staff
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