Latest news with #BroadridgeFinancialSolutions
Business Wire
3 days ago
- Business
- Business Wire
Circle Announces Pricing of Public Offering
NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL) ('Circle'), a global financial technology company and stablecoin market leader, today announced the pricing of its public offering of 10,000,000 shares of its Class A common stock at a public offering price of $130.00 per share. Circle is offering 2,000,000 shares of Class A common stock and the selling stockholders are offering 8,000,000 shares of Class A common stock. In connection with the offering, Circle has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock. The closing of the offering is expected to occur on August 18, 2025, subject to the satisfaction of customary closing conditions. J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. Barclays and Deutsche Bank Securities are acting as bookrunners; and Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander are acting as co-managers. A registration statement relating to these securities has been filed with the SEC and was declared effective on August 14, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Circle Internet Group, Inc. Circle (NYSE: CRCL) is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world's largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.
Yahoo
01-08-2025
- Business
- Yahoo
Broadridge Set to Report Q4 Earnings: What's in the Cards?
Broadridge Financial Solutions, Inc. BR is set to report its fourth-quarter fiscal 2025 results on Aug. 5, before the bell. The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, delivering an average surprise of 3.7%. Broadridge Financial Solutions, Inc. Price and EPS Surprise Broadridge Financial Solutions, Inc. price-eps-surprise | Broadridge Financial Solutions, Inc. Quote Q4 Expectations for BR The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $3.51 per share, indicating 0.3% year-over-year growth. The Zacks Consensus Estimate for revenues stands at $2.05 billion, calling for a 5.6% decrease from the fiscal fourth-quarter 2024 actuals. Our estimate for net revenues at Investor Communication Solutions is pegged at $1.6 billion, which suggests a 4.5% year-over-year increase. Our estimate for net revenues in the Global Technology and Operations segment stands at $455.2 million, which indicates a 9.4% year-over-year rise. Internal growth, new businesses and acquisitions are likely to have driven the expected growth. What Our Model Says About BR Our proven model does not conclusively predict an earnings beat for Broadridge this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that's not the case here. Broadridge has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Stocks to Consider Here are some stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this time. Genpact G: The Zacks Consensus Estimate for second-quarter 2025 revenues is pegged at $1.23 billion, indicating a 4.6% rise year over year. For earnings, the consensus mark stands at 85 cents per share, suggesting a 7.6% increase from the year-ago quarter's reported figure. The company beat on earnings in each of the past four quarters, delivering an average surprise of 6.3%. G currently has an Earnings ESP of +0.78% and a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank stocks here. Fidelity National Information Services FIS: The Zacks Consensus Estimate for second-quarter 2025 revenues is pegged at $2.6 billion, implying a 3.5% rise year over year. For earnings, the consensus mark stands at $1.36 per share. The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 5.9%. FIS currently has an Earnings ESP of +0.67% and a Zacks Rank of 2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report Genpact Limited (G) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-07-2025
- Business
- Business Insider
D.A. Davidson Reaffirms Their Hold Rating on Broadridge Financial Solutions (BR)
In a report released today, Peter Heckmann from D.A. Davidson reiterated a Hold rating on Broadridge Financial Solutions, with a price target of $220.00. The company's shares opened today at $240.87. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Heckmann covers the Technology sector, focusing on stocks such as Shift4 Payments, ACI Worldwide, and Clearwater Analytics Holdings. According to TipRanks, Heckmann has an average return of 13.6% and a 61.04% success rate on recommended stocks. Currently, the analyst consensus on Broadridge Financial Solutions is a Moderate Buy with an average price target of $254.80. BR market cap is currently $28.75B and has a P/E ratio of 36.78. Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BR in relation to earlier this year. Last month, Robert Duelks, a Director at BR sold 500.00 shares for a total of $122,570.00.
Yahoo
12-06-2025
- Business
- Yahoo
Active ETFs Need $100M First Year for Long-Term Success
Active ETFs that raise more than $100 million in their first year grow to exceed $1 billion, on average, by year three, while funds raising less struggle to reach $200 million, according to a new report from Broadridge Financial Solutions, Inc. (BR). The findings highlight the importance of early momentum in the quickly growing active ETF market. According to Broadridge data, the market has expanded from $81 billion in 2019 to $631 billion in 2024, yet still comprises only 6% of total active assets under management. The research shows that success in active ETFs hinges on first-year asset accumulation, with only 11% of funds reaching the $100 million threshold that correlates with long-term growth, according to the analysis of 814 active ETFs with at least three-year track records. The concentration challenge makes success difficult for new entrants. The top three managers control 48% of active ETF assets, while the top 10 control 77%, according to Broadridge data. "What these market leaders have in common is that they hit the ground running," according to the report. Despite the concentration, levels have declined from 90% in 2019 to 77% in 2024 among the top 10 managers, according to Broadridge data. Active mutual fund concentration remains steady at 56% during the same period, the report noted. The research identifies three strategic approaches for managers seeking to achieve "escape velocity," according to the report. Distribution through registered investment advisor channels proves most accessible for new funds, with RIAs holding 61% of active ETF assets. Broker-dealer and wirehouse channels present higher barriers due to compliance restrictions, according to the report. Most platforms require existing scale before consideration, making RIA channels the primary entry point, the analysis found. Successful managers leverage one of three competitive advantages: specialized investment styles, proprietary distribution channels or strong brand identity, according to the report. JPMorgan Asset Management stands alone in hitting all three categories, accounting for 9% of active ETF assets, the research shows. The focused targeting of high-potential advisors who already use active ETFs improves conversion rates and gross sales, according to Broadridge analysis. High-scoring advisors generated gross sales three times higher than lower-scoring advisors when controlling for engagement numbers, the data revealed. Active ETF adoption varies across distribution channels, with RIA platforms showing 6.8% active ETF penetration compared to 2.9% for wirehouses and 2.5% for broker-dealers, according to the report. However, inflow percentages exceed asset percentages across all channels, suggesting active ETFs are gaining market share, the analysis found. More than half of advisors expect to increase active ETF allocations over the next two years, far surpassing other investment products, according to a Broadridge survey of 400 advisors. Active mutual funds face projected negative 3% organic growth between 2024 and 2027, while active ETFs are expected to grow 24% organically during the same period, the research | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
28-05-2025
- Business
- Finextra
Broadridge and Novisto join forces for sustainability and data management reporting
Broadridge Financial Solutions, Inc. (NYSE: BR) a global Fintech leader, has joined forces with Novisto, a pioneer of enterprise sustainability software, to introduce an advanced sustainability data management and reporting platform for companies worldwide. 0 Servicing clients in over 100 countries, Broadridge is at the forefront of empowering public companies to navigate an increasingly complex reporting landscape through advanced, scalable solutions. This strategic collaboration underscores Broadridge's commitment to delivering innovative technologies that address rising global demand for comprehensive sustainability and non-financial reporting, enabling organizations to meet evolving investor expectations, simplify third-party questionnaires and rating agency requests, optimize supply chain transparency, and enhance stakeholder engagement on a global scale. "With continued focus from investors and regulators globally on sustainable business models, it's imperative that companies implement effective means to capture, analyze, and report on material sustainability data,' said Ryan Wade, General Manager, Broadridge Corporate Issuer. "Broadridge's collaboration with Novisto empowers management teams to efficiently produce high-quality and investor-ready disclosures that meet both voluntary and regulatory standards." Broadridge's corporate issuer division serves over 3,400 public companies in the US alone, providing a broad range of critically important corporate solutions that revolve around shareholder meetings & proxy, corporate governance and sustainability, regulatory filings and disclosure, and stock transfer services. Together, Broadridge and Novisto are delivering a unique market-leading suite of solutions that creates a one-stop shop for sustainability data management, peer benchmarking, and strategic consulting. This true end-to-end offering is designed to simplify the process of collecting, analyzing, auditing, and reporting sustainability data. "We are thrilled to collaborate with Broadridge, a company celebrated for its expertise and steadfast commitment to delivering high-quality corporate issuer solutions," said Charles Assaf, CEO of Novisto. "Novisto's technological prowess in the sustainability reporting space, combined with Broadridge's trusted expertise and transformative data and technology, sets a powerful precedent for streamlining corporate reporting processes." As companies navigate the dual challenges of growth and compliance with increasingly complex global regulations, the need for reliable sustainability data is more critical than ever. In November 2024, the IFRS Foundation reported that globally, '30 jurisdictions are on the journey to introducing ISSB Standards in their legal or regulatory frameworks.' The demand for consistent and standardized reporting continues to grow worldwide, and companies need robust data management platforms to ensure they can meet the enhanced disclosure demands. Broadridge and Novisto are setting a new global benchmark in issuer solutions, ensuring companies remain at the forefront of industry innovation while adeptly meeting the evolving demands of their stakeholders.
