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S&P 500   5,011.12
DOW   37,775.38
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What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:BR

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

$192.98
-0.47 (-0.24%)
(As of 04/18/2024 ET)
Today's Range
$192.60
$195.48
50-Day Range
$193.40
$207.23
52-Week Range
$139.52
$210.24
Volume
391,863 shs
Average Volume
516,849 shs
Market Capitalization
$22.73 billion
P/E Ratio
33.62
Dividend Yield
1.66%
Price Target
$206.67

Broadridge Financial Solutions MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
7.1% Upside
$206.67 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.83mentions of Broadridge Financial Solutions in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$9.75 M Sold Last Quarter
Proj. Earnings Growth
8.81%
From $7.72 to $8.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Business Services Sector

38th out of 296 stocks

Business Services, Not Elsewhere Classified Industry

19th out of 84 stocks

BR stock logo

About Broadridge Financial Solutions Stock (NYSE:BR)

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.

BR Stock Price History

BR Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Broadridge Names Hope Jarkowski Chief Legal Officer
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Broadridge Financial Solutions, Inc.
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/18/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
11133T10
Fax
N/A
Employees
14,700
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$206.67
High Stock Price Target
$239.00
Low Stock Price Target
$180.00
Potential Upside/Downside
+6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$630.60 million
Pretax Margin
13.73%

Debt

Sales & Book Value

Annual Sales
$6.06 billion
Cash Flow
$10.68 per share
Book Value
$18.99 per share

Miscellaneous

Free Float
115,888,000
Market Cap
$22.80 billion
Optionable
Optionable
Beta
0.99

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

Pros

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

  • Recent increase in institutional ownership and hedge fund interest, indicating confidence in the company's future growth potential.
  • Strong financial performance with consistent revenue growth and profitability, providing stability and potential for returns.
  • Expansion of technology-driven solutions for the financial services industry, positioning the company well in a rapidly evolving market.
  • Diversified service offerings including data processing, regulatory reporting, and customer communications, reducing dependency on a single revenue stream.
  • Current stock price is relatively stable and attractive, offering a potential entry point for investors seeking value.

Cons

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

  • Market competition in the data processing and outsourced services industry may impact the company's market share and pricing power.
  • Dependency on the financial services sector for revenue, making the company susceptible to economic downturns in the industry.
  • Potential regulatory challenges and compliance costs could increase operational expenses and affect profitability.
  • Limited geographical diversification, with a significant portion of revenue generated from the U.S. market, exposing the company to local market risks.
  • Uncertainty in global economic conditions and financial markets, which could impact demand for the company's services and solutions.
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 Wednesday, April 10, 2024. Please send any questions or comments about these Broadridge Financial Solutions pros and cons to contact@marketbeat.com.

BR Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadridge Financial Solutions stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BR, but not buy additional shares or sell existing shares.
View BR analyst ratings
or view top-rated stocks.

What is Broadridge Financial Solutions' stock price target for 2024?

7 Wall Street analysts have issued 12 month price targets for Broadridge Financial Solutions' shares. Their BR share price targets range from $180.00 to $239.00. On average, they expect the company's stock price to reach $206.67 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts price targets for BR
or view top-rated stocks among Wall Street analysts.

How have BR shares performed in 2024?

Broadridge Financial Solutions' stock was trading at $205.75 on January 1st, 2024. Since then, BR stock has decreased by 6.2% and is now trading at $192.98.
View the best growth stocks for 2024 here
.

Are investors shorting Broadridge Financial Solutions?

Broadridge Financial Solutions saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 871,500 shares, a decline of 35.4% from the March 15th total of 1,350,000 shares. Based on an average daily trading volume, of 530,600 shares, the days-to-cover ratio is currently 1.6 days.
View Broadridge Financial Solutions' Short Interest
.

When is Broadridge Financial Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our BR earnings forecast
.

How were Broadridge Financial Solutions' earnings last quarter?

Broadridge Financial Solutions, Inc. (NYSE:BR) announced its quarterly earnings results on Thursday, February, 1st. The business services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The business services provider had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a trailing twelve-month return on equity of 41.12%. Broadridge Financial Solutions's revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS.
Read the conference call transcript
.

How often does Broadridge Financial Solutions pay dividends? What is the dividend yield for Broadridge Financial Solutions?

Broadridge Financial Solutions announced a quarterly dividend on Friday, February 16th. Stockholders of record on Friday, March 15th will be given a dividend of $0.80 per share on Friday, April 5th. This represents a $3.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for BR
.

Is Broadridge Financial Solutions a good dividend stock?

Broadridge Financial Solutions (NYSE:BR) pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.65%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

What guidance has Broadridge Financial Solutions issued on next quarter's earnings?

Broadridge Financial Solutions updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of 7.570-7.850 for the period, compared to the consensus EPS estimate of 7.730. The company issued revenue guidance of -.

What is Tim Gokey's approval rating as Broadridge Financial Solutions' CEO?

191 employees have rated Broadridge Financial Solutions Chief Executive Officer Tim Gokey on Glassdoor.com. Tim Gokey has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Broadridge Financial Solutions own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadridge Financial Solutions investors own include NVIDIA (NVDA), Mastercard (MA), Verizon Communications (VZ), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS), AbbVie (ABBV), Advanced Micro Devices (AMD), Intel (INTC) and Cisco Systems (CSCO).

Who are Broadridge Financial Solutions' major shareholders?

Broadridge Financial Solutions' stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.60%), Bath Savings Trust Co (0.10%), Douglas Lane & Associates LLC (0.08%), Congress Asset Management Co. MA (0.07%), Congress Wealth Management LLC DE (0.06%) and Running Oak Capital LLC (0.05%). Insiders that own company stock include Adam D Amsterdam, Christopher John Perry, Douglas Richard Deschutter, Keir D Gumbs, Laura Matlin, Leslie A Brun, Michael Liberatore, Richard J Daly, Richard John Stingi, Robert N Duelks, Robert Schifellite, Thomas J Perna, Thomas P Carey, Timothy C Gokey and Vijay Mayadas.
View institutional ownership trends
.

How do I buy shares of Broadridge Financial Solutions?

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.

This page (NYSE:BR) was last updated on 4/18/2024 by MarketBeat.com Staff

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