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NYSE:BR

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

$208.22
-0.77 (-0.37%)
(As of 09/20/2024 08:54 PM ET)

About Broadridge Financial Solutions Stock (NYSE:BR)

Key Stats

Today's Range
$207.21
$209.20
50-Day Range
$201.89
$218.55
52-Week Range
$166.73
$223.81
Volume
1.17 million shs
Average Volume
531,024 shs
Market Capitalization
$24.61 billion
P/E Ratio
35.53
Dividend Yield
1.69%
Price Target
$213.33
Consensus Rating
Hold

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™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 89th Percentile

Broadridge Financial Solutions scored higher than 89% of companies evaluated by MarketBeat, and ranked 44th out of 339 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 Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 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 10.11% in the coming year, from $8.51 to $9.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Broadridge Financial Solutions is 35.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.40.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Broadridge Financial Solutions is 35.53, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 39.70.

  • Price to Book Value per Share Ratio

    Broadridge Financial Solutions has a P/B Ratio of 11.35. 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

    1.18% 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 2.5, 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 10.48%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Broadridge Financial Solutions pays a meaningful dividend of 1.68%, 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 60.07%. 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 37.57% 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

    1.18% 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 2.5, 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 10.48%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Broadridge Financial Solutions has a news sentiment score of 1.06. 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 0.49 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Broadridge Financial Solutions this week, compared to 9 articles on an average week.
  • Search Interest

    Only 1 people have searched for BR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Broadridge Financial Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% 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 $28,112,824.00 in company stock.

  • Percentage Held by Insiders

    Only 1.60% 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.

BR Stock News Headlines

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A shocking leak has revealed Japanese electronics giant Sony is now starting its own blockchain. This move is being made in preparation to onboard all of Sony products (including Sony's Playstation, which captured a record 62% share of the global gaming console market in 2024). Enthusiasts and experts are buzzing with anticipation qnd one little-known crypto coin is poised for RAPID growth as we see this all unfold.
Broadridge Financial Solutions, Inc. (NYSE:BR) Short Interest Update
See More Headlines

BR Stock Analysis - Frequently Asked Questions

Broadridge Financial Solutions' stock was trading at $205.75 at the beginning of the year. Since then, BR stock has increased by 1.2% and is now trading at $208.22.
View the best growth stocks for 2024 here
.

Broadridge Financial Solutions, Inc. (NYSE:BR) announced its quarterly earnings results on Tuesday, August, 6th. The business services provider reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.01. The firm's revenue was up 5.7% on a year-over-year basis.
Read the conference call transcript
.

Broadridge Financial Solutions' top institutional shareholders include APG Asset Management N.V. (3.38%), Jensen Investment Management Inc. (1.47%), Bahl & Gaynor Inc. (0.94%) and Dimensional Fund Advisors LP (0.80%). Insiders that own company stock include Timothy C Gokey, Richard J Daly, Leslie A Brun, Christopher John Perry, Robert Schifellite, Douglas Richard Deschutter, Thomas J Perna, 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 NVIDIA (NVDA), Mastercard (MA), Verizon Communications (VZ), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS) and AbbVie (ABBV).

Company Calendar

Ex-Dividend for 7/5 Dividend
6/14/2024
Dividend Payable
7/05/2024
Last Earnings
8/06/2024
Ex-Dividend for 10/3 Dividend
9/12/2024
Today
9/22/2024
Dividend Payable
10/03/2024
Next Earnings (Estimated)
11/07/2024
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
$213.33
High Stock Price Target
$246.00
Low Stock Price Target
$180.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$698.10 million
Pretax Margin
13.48%

Debt

Sales & Book Value

Annual Sales
$6.51 billion
Cash Flow
$11.67 per share
Book Value
$18.35 per share

Miscellaneous

Free Float
116,289,000
Market Cap
$24.61 billion
Optionable
Optionable
Beta
1.05

Social Links

Should I Buy Broadridge Financial Solutions Stock? BR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these Broadridge Financial Solutions pros and cons to contact@marketbeat.com.

Broadridge Financial Solutions
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Broadridge Financial Solutions, Inc.:

  • Broadridge Financial Solutions has received positive ratings from analysts, with an average target price of $213.33, indicating potential growth.
  • The company's stock is predominantly owned by hedge funds and institutional investors, signifying confidence in its performance and stability.
  • Recent insider activity shows selling of shares at a higher price, suggesting insiders believe in the company's future growth prospects.
  • Broadridge Financial Solutions provides technology-driven solutions for the financial services industry, positioning it well in a rapidly evolving sector.
  • The company's stock price has shown resilience and potential for growth, making it an attractive investment opportunity.

Broadridge Financial Solutions
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Broadridge Financial Solutions, Inc. for these reasons:

  • Despite positive ratings, some analysts have issued a "hold" rating on the stock, indicating uncertainty about its short-term performance.
  • Insider selling activity could be seen as a lack of confidence in the company's long-term growth prospects.
  • There is a significant percentage of institutional ownership, which may limit potential retail investor influence on the stock's direction.
  • The financial services industry is highly competitive and subject to regulatory changes, posing risks to Broadridge Financial Solutions' operations.
  • Market volatility and economic uncertainties could impact the company's stock price and overall performance.

This page (NYSE:BR) was last updated on 9/23/2024 by MarketBeat.com Staff
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