Broadridge Financial Solutions Inc
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$185.00 | Qtffj | Dxjlkxlm |
Broadridge's Franchises Are Robust Amid the Current Environment
Business Strategy and Outlook
Broadridge has been the dominant proxy and interim service provider for broker/dealers for more than 20 years. Broadridge’s regulated proxy and interim business is its crown jewel, and a disproportionate amount of the firm’s net income comes from its fiscal third and fourth quarter during proxy season. In addition, Broadridge generates about 30% of its fee revenue and profit from its global technology and operations or GTO segment, which provides securities processing solutions. Amid COVID-19, Broadridge has benefited from higher engagement of retail investors through higher position growth and elevated trading volumes.