Broadridge Financial Solutions Inc. (BR) has demonstrated mixed performance, with strong trading days and dividends, balanced by some underperformance compared to competitors. Diverse institutions have adjusted their positions, with entities like Sumitomo Mitsui Trust Group Inc., Principal Financial Group Inc., and Atria Investments Inc. enlarging their shares while firms like Dearborn Partners LLC and Geneva Capital Management LLC have reduced their ownership. Insider activity also records both purchases and sales. Financially, the company has met Q1 earnings estimates and boosted its recurring revenue growth outlook. The company also announced participation in the Wolfe Research Wealth Symposium and plans to distribute insights for asset managers on Salesforce AppExchange. The media reports a positive long-term momentum for BR, with Morgan Stanley increasing their price target to $207.00. Broadridge also completes the acquisition of Kyndryl SIS, extends its OTC derivatives reporting solution across multiple jurisdictions, and launches a new digital asset information platform to aid regulatory compliance. A highlight is the release of Tradeverse, a transformative tool for managing trading data.
Broadridge Financial Solutions BR News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 16 Nov 2024 09:54:33 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor -3
