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

$191.05
-0.34 (-0.18%)
(As of 11:21 AM ET)
Compare
Today's Range
$188.78
$192.09
50-Day Range
$167.38
$195.40
52-Week Range
$131.83
$196.52
Volume
107,734 shs
Average Volume
538,567 shs
Market Capitalization
$22.48 billion
P/E Ratio
33.93
Dividend Yield
1.67%
Price Target
$181.71

Broadridge Financial Solutions MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
5.1% Downside
$181.71 Price Target
Short Interest
Healthy
1.07% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
1.14mentions of Broadridge Financial Solutions in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$4.31 M Sold Last Quarter
Proj. Earnings Growth
8.55%
From $7.72 to $8.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Business Services Sector

33rd out of 268 stocks

Business Services, Not Elsewhere Classified Industry

11th out of 77 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

Broadridge Financial Reaffirms FY24 Guidance
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Here's Why Retaining Robert Half (RHI) is a Good Decision
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Broadridge to Host Investor Day on December 7, 2023
Broadridge: Magnificent Financials Come At A Price
Broadridge Financial Solutions Inc BR
Broadridge Declares Quarterly Dividend of $0.80 Per Share
Broadridge Financial Solutions Inc
See More Headlines
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Company Calendar

Ex-Dividend for 10/5 Dividend
9/14/2023
Dividend Payable
10/05/2023
Last Earnings
11/02/2023
Today
12/07/2023
Ex-Dividend for 1/5 Dividend
12/14/2023
Dividend Payable
1/05/2024
Next Earnings (Estimated)
2/01/2024
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
$181.71
High Stock Price Target
$230.00
Low Stock Price Target
$135.00
Potential Upside/Downside
-5.1%
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
$10.46 per share
Book Value
$18.99 per share

Miscellaneous

Free Float
115,765,000
Market Cap
$22.52 billion
Optionable
Optionable
Beta
0.99

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Broadridge Financial Solutions was last updated on Tuesday, November 28, 2023 at 10:15 PM.

Pros

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

  • Broadridge Financial Solutions stock has been performing well, with a 1-year high of $189.69.
  • Institutional investors and hedge funds own 89.36% of the stock, indicating confidence in the company.
  • Recent financial reports show that Larson Financial Group LLC, Cambridge Investment Research Advisors Inc., and Ropes Wealth Advisors LLC have all increased their holdings in Broadridge Financial Solutions, indicating positive sentiment among these institutional investors.
  • Wall Street analysts have given Broadridge Financial Solutions a consensus rating of "Hold" and a consensus target price of $173.67, suggesting potential for growth.
  • Broadridge Financial Solutions recently announced a quarterly dividend, which can provide additional income for investors.

Cons

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

  • The stock's current price is $182.70, which may be considered high by some investors.
  • The company has a debt-to-equity ratio of 1.74, which indicates a relatively high level of debt.
  • While Broadridge Financial Solutions has a beta of 0.96, suggesting it is less volatile than the market, investors should still consider the overall market conditions and potential risks.
  • Some equities research analysts have given the stock a "neutral" rating, indicating a lack of strong positive sentiment.
  • Investors should carefully evaluate the company's financial reports and future prospects before making investment decisions.














BR Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12-month price objectives for Broadridge Financial Solutions' shares. Their BR share price targets range from $135.00 to $230.00. On average, they anticipate the company's share price to reach $181.71 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
View analysts price targets for BR
or view top-rated stocks among Wall Street analysts.

How have BR shares performed in 2023?

Broadridge Financial Solutions' stock was trading at $134.13 at the beginning of the year. Since then, BR shares have increased by 42.7% and is now trading at $191.39.
View the best growth stocks for 2023 here
.

Are investors shorting Broadridge Financial Solutions?

Broadridge Financial Solutions saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,260,000 shares, a decline of 15.4% from the October 31st total of 1,490,000 shares. Based on an average daily trading volume, of 463,400 shares, the short-interest ratio is presently 2.7 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 Thursday, February 1st 2024.
View our BR earnings forecast
.

How were Broadridge Financial Solutions' earnings last quarter?

Broadridge Financial Solutions, Inc. (NYSE:BR) issued its quarterly earnings results on Thursday, November, 2nd. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.15. The business services provider earned $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Broadridge Financial Solutions had a trailing twelve-month return on equity of 42.48% and a net margin of 10.81%.

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

Broadridge Financial Solutions declared a quarterly dividend on Thursday, November 9th. Investors of record on Friday, December 15th will be given a dividend of $0.80 per share on Friday, January 5th. This represents a $3.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 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 1.64%. 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 56.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BR will have a dividend payout ratio of 38.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BR.

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 a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (5.06%), Baillie Gifford & Co. (2.52%), Jensen Investment Management Inc. (1.55%), Barclays PLC (1.34%), Stifel Financial Corp (1.31%) and Northern Trust Corp (1.12%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:BR) was last updated on 12/7/2023 by MarketBeat.com Staff

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