BR | 22 May 2024 | AI Stock Analysis & News

Broadridge Financial Solutions (BR) is expected to post its quarterly earnings, potentially impacting its stock price.

Stock AI’s forecasts:
🔴 -12.0% short-term
🟢 +1.8% long-term

Stock AI’s (BR) Forecast get (+9.2% Profit)

StockAI’s analysis delivers real-world results. On 06 December 2023, $BR ($191.71), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $209.26 (🟢9.2%). Buying BR on this signal yielded a +9.2% profit 💰💰.

BR-Broadridge Financial Solutions, Inc. News

🟢 Broadridge Financial Solutions is scheduled to post its quarterly earnings results before the market opens on May 8th.
🔴 upgraded BR from a hold to a buy rating, increasing investor optimism.
🔴 Broadridge Financial Solutions declared a quarterly dividend on May 16th, potentially attracting dividend-focused investors.
🔴 Xponance Inc. lessened its stake in BR by 3.5% in the fourth quarter, signaling reduced confidence in the stock.
🔴 Truist Financial Corp decreased its stake in BR by 5.1% in the fourth quarter, potentially leading to a decrease in demand.
🟢 Savant Capital LLC increased its holdings in BR by 50.3% in the fourth quarter, indicating growing interest in the stock.

Broadridge Financial Solutions, Inc. has seen a mix of positive and negative news recently, which has had a varying impact on its stock price. The announcement of the upcoming quarterly earnings report on May 8th created anticipation among investors, potentially leading to a short-term price increase. Additionally, the upgrade from to a buy rating could further boost the stock price in the short term.

However, the decrease in stake by Xponance Inc. and Truist Financial Corp in the fourth quarter may have a negative impact on the stock price, as it suggests waning confidence and demand. Despite this, the significant increase in holdings by Savant Capital LLC indicates growing interest in BR, which could potentially offset the negative impact of reduced stakes by other institutional investors.

Overall, the combination of positive and negative news surrounding Broadridge Financial Solutions, Inc. suggests that the stock price may experience some volatility in the short term. Investors should closely monitor upcoming developments and quarterly earnings to make informed decisions about their investments in BR.

BR-Broadridge Financial Solutions, Inc. Analyst Ratings

In recent news, analyst ratings on Broadridge Financial Solutions, Inc. stock have shown some changes. Here is a brief list of analyst ratings:

📉 upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating.

📈 DA Davidson reissued a neutral rating on BR stock.

📉 Truist Financial Corp decreased its stake in Broadridge Financial Solutions, resulting in a rating change.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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