BR Stock Summary and Trading Ideas (Broadridge Financial Soln | NYSE:BR)

Broadridge Financial Solutions, which was spun off from Automatic Data Processing in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions and global technology and operations.

Broadridge Financial Soln trades on the NYSE stock market under the symbol BR.

As of December 20, 2024, BR stock price climbed to $226.01 with 920,541 million shares trading.

BR has a beta of 0.61, meaning it tends to be less sensitive to market movements. BR has a correlation of 0.20 to the broad based SPY ETF.

BR has a market cap of $26.42 billion. This is considered a Large Cap stock.

Last quarter Broadridge Financial Soln reported $1 billion in Revenue and $1.00 earnings per share. This fell short of revenue expectation by $-57 million and exceeded earnings estimates by $.03.

In the last 3 years, BR traded as high as $237.96 and as low as $131.35.

The top ETF exchange traded funds that BR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

BR has underperformed the market in the last year with a price return of +16.8% while the SPY ETF gained +27.8%. However, in the short term, BR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.0% vs +4.4% return in SPY. But in the last 2 weeks, BR shares have been beat by the market, returning -3.6% compared to an SPY return of -2.4%.

BR support price is $221.81 and resistance is $226.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BR shares will trade within this expected range on the day.