Broadridge Financial Solutions, Inc. (BR) continues to attract attention, with various firms making investments. QRG Capital Management Inc., Opal Wealth Advisors LLC, and BDF Gestion purchased BR shares while Harbor Capital Advisors Inc. and Cetera Investment Advisers boosted their holdings substantially. The company has surpassed Q4 earnings estimates, leading to price target increases, notably from Royal Bank of Canada and JPMorgan Chase & Co. Broadridge’s strong financial performance was highlighted by a dividend increase and the release of positive FY25 earnings guidance. Broadridge's stock hit a new 52-week high following its strong earnings. Additionally, Broadridge expanded its abilities to assist clients with complex SEC filings and enhanced its securities finance services. Their recent acquisition of AdvisorTarget is aimed at transforming digital distribution and marketing for asset management and wealth firms. The company announced a CFO transition with no negative impact observed on the company's performance. However, some investors expressed concerns over capital allocation, and BR's Q3 earnings missed some expectations. Despite this, the company's overall health remains strong, holding long-term potential for investors.
Broadridge Financial Solutions BR News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 14:13:42 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
