There is significant news flow surrounding Broadridge Financial Solutions (BR). This includes announcements of their quarterly earnings and expanded disclosure capabilities to assist clients with complex SEC filings. Shares of BR have been purchased by several institutions, including DekaBank Deutsche Girozentrale, Swedbank AB, Plato Investment Management Ltd, and Tectonic Advisors LLC. Moreover, Broadridge has recorded an impressive ROE of 31%, potentially making it appealing to investors. On the downside, some outlets have downgraded Broadridge's stock rating to 'Hold' while others highlight the potential issue with Broadridge's capital allocation.
Future growth for Broadridge may come from enlargements in its trading and connectivity solutions. Important business changes include the appointment of Frank Troise as the leader of this division and Roz Smith as the COO of Broadridge International. Broadridge is also part of some key partnerships, including one with Transaction Network Services for order routing and market data, and with AmInvestment Bank to boost securities finance services. On the innovation front, LTX (a Broadridge company) released GenAI-Powered List Trading functionality.
Broadridge Financial Solutions BR News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 17:10:46 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 2
