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NYSE:BR

Broadridge Financial Solutions Stock Forecast, Price & News

$137.60
-0.52 (-0.38 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$136.13
Now: $137.60
$141.93
50-Day Range
$127.85
MA: $137.02
$145.73
52-Week Range
$81.90
Now: $137.60
$146.04
Volume1.02 million shs
Average Volume412,683 shs
Market Capitalization$15.85 billion
P/E Ratio34.66
Dividend Yield1.70%
Beta0.89
Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution. It also distributes regulatory reports and corporate action/reorganization event information, as well as tax reporting solutions; and provides end-to-end platform for content management, composition, and multi-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services. In addition, this segment offers financial reporting document composition and management solutions; SEC disclosure and filing services; registrar, stock transfer, and record-keeping services; customer communication solutions; cloud-based marketing and customer communication tools; customer and account data aggregation and reporting services, as well as creates sales and educational content, including seminars and a library of financial planning topics; and mutual fund trade processing services. The company's Global Technology and Operations segment offers desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting, and accounting. It also provides capital market, wealth management, asset management, and international securities processing solutions; managed services; and customizable advisor Websites, search engine marketing, and electronic and print newsletters. The company was founded in 1962 and is headquartered in Lake Success, New York.
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Broadridge Financial Solutions logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.7Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
CUSIP11133T10
Phone516-472-5400
Employees12,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.53 billion
Cash Flow$7.85 per share
Book Value$11.73 per share

Profitability

Net Income$462.50 million

Miscellaneous

Market Cap$15.85 billion
Next Earnings Date1/29/2021 (Estimated)
OptionableOptionable
$137.60
-0.52 (-0.38 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Broadridge Financial Solutions (NYSE:BR) Frequently Asked Questions

How has Broadridge Financial Solutions' stock price been impacted by COVID-19 (Coronavirus)?

Broadridge Financial Solutions' stock was trading at $97.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BR shares have increased by 40.9% and is now trading at $137.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Broadridge Financial Solutions?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadridge Financial Solutions in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Broadridge Financial Solutions
.

When is Broadridge Financial Solutions' next earnings date?

Broadridge Financial Solutions is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
View our earnings forecast for Broadridge Financial Solutions
.

How were Broadridge Financial Solutions' earnings last quarter?

Broadridge Financial Solutions, Inc. (NYSE:BR) released its earnings results on Friday, October, 30th. The business services provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.35. The business services provider had revenue of $1.02 billion for the quarter, compared to analyst estimates of $971.21 million. Broadridge Financial Solutions had a return on equity of 48.87% and a net margin of 10.21%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share.
View Broadridge Financial Solutions' earnings history
.

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 Tuesday, August 11th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.575 per share on Monday, October 5th. This represents a $2.30 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, September 14th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.54.
View Broadridge Financial Solutions' dividend history
.

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

Broadridge Financial Solutions issued an update on its FY21 earnings guidance on Friday, October, 30th. The company provided earnings per share guidance of $5.33-5.53 for the period, compared to the Thomson Reuters consensus estimate of $5.48. The company issued revenue guidance of $4.57-4.71 billion, compared to the consensus revenue estimate of $4.67 billion.

What price target have analysts set for BR?

5 brokerages have issued 12-month price objectives for Broadridge Financial Solutions' shares. Their forecasts range from $127.00 to $152.00. On average, they expect Broadridge Financial Solutions' stock price to reach $138.40 in the next year. This suggests a possible upside of 0.6% from the stock's current price.
View analysts' price targets for Broadridge Financial Solutions
.

Are investors shorting Broadridge Financial Solutions?

Broadridge Financial Solutions saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,410,000 shares, an increase of 41.0% from the September 30th total of 1,000,000 shares. Based on an average trading volume of 477,500 shares, the short-interest ratio is currently 3.0 days. Currently, 1.2% of the shares of the company are sold short.
View Broadridge Financial Solutions' Short Interest
.

Who are some of Broadridge Financial Solutions' key competitors?

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), The Walt Disney (DIS), AbbVie (ABBV), Advanced Micro Devices (AMD), Intel (INTC) and Cisco Systems (CSCO).

Who are Broadridge Financial Solutions' key executives?

Broadridge Financial Solutions' management team includes the following people:
  • Mr. Richard J. Daly, Exec. Chairman (Age 67, Pay $2.2M)
  • Mr. Timothy C. Gokey, CEO & Director (Age 58, Pay $2.26M)
  • Mr. Christopher J. Perry, Pres (Age 58, Pay $1.83M)
  • Mr. Adam D. Amsterdam Esq., Corp. VP & Gen. Counsel (Age 59, Pay $984.07k)
  • Mr. Robert Schifellite, Corp. Sr. VP & Pres of Investor Communication Solutions (Age 62, Pay $1.48M)

What is Broadridge Financial Solutions' stock symbol?

Broadridge Financial Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "BR."

Who are Broadridge Financial Solutions' major shareholders?

Broadridge Financial Solutions' stock is owned by many different retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.75%), Alta Capital Management LLC (0.55%), Fenimore Asset Management Inc. (0.33%), Douglas Lane & Associates LLC (0.22%), PGGM Investments (0.21%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.21%). Company insiders that own Broadridge Financial Solutions stock include Adam D Amsterdam, Alan J Weber, C Elisa D Garcia, Douglas Richard Deschutter, James M Young, Julie R Taylor, Laura Matlin, Leslie A Brun, Maura A Markus, Richard J Daly, Robert F Kalenka, Robert N Duelks, Robert Schifellite, Stuart R Levine, Thomas J Perna, Thomas P Carey, Timothy C Gokey and Vijay Mayadas.
View institutional ownership trends for Broadridge Financial Solutions
.

Which major investors are selling Broadridge Financial Solutions stock?

BR stock was sold by a variety of institutional investors in the last quarter, including KBC Group NV, Forsta AP Fonden, Confluence Investment Management LLC, Fenimore Asset Management Inc., Aptus Capital Advisors LLC, M&G Investment Management Ltd., Robeco Institutional Asset Management B.V., and Palmer Knight Co. Company insiders that have sold Broadridge Financial Solutions company stock in the last year include Alan J Weber, Douglas Richard Deschutter, James M Young, Julie R Taylor, Leslie A Brun, Maura A Markus, Richard J Daly, Robert F Kalenka, Robert N Duelks, Robert Schifellite, Thomas J Perna, Thomas P Carey, and Timothy C Gokey.
View insider buying and selling activity for Broadridge Financial Solutions
.

Which major investors are buying Broadridge Financial Solutions stock?

BR stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Douglas Lane & Associates LLC, Nissay Asset Management Corp Japan ADV, PGGM Investments, DekaBank Deutsche Girozentrale, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Buffington Mohr McNeal, and Dupont Capital Management Corp.
View insider buying and selling activity for Broadridge Financial Solutions
.

How do I buy shares of Broadridge Financial Solutions?

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

What is Broadridge Financial Solutions' stock price today?

One share of BR stock can currently be purchased for approximately $137.60.

How big of a company is Broadridge Financial Solutions?

Broadridge Financial Solutions has a market capitalization of $15.85 billion and generates $4.53 billion in revenue each year. The business services provider earns $462.50 million in net income (profit) each year or $5.03 on an earnings per share basis. Broadridge Financial Solutions employs 12,000 workers across the globe.

What is Broadridge Financial Solutions' official website?

The official website for Broadridge Financial Solutions is www.broadridge.com.

How can I contact Broadridge Financial Solutions?

Broadridge Financial Solutions' mailing address is 5 DAKOTA DRIVE, LAKE SUCCESS NY, 11042. The business services provider can be reached via phone at 516-472-5400 or via email at [email protected]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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