TheCorporateCounsel.net

A recent “Audit Analytics” blog highlights current market share leaders among transfer agents. This excerpt says that aside from one merger, the scene looks pretty much the same as last year:

One event significantly impacted the transfer agent market. In December 2021, Siris Capital Group completed the acquisition/combination of Equiniti and American Stock Transfer. As previously separate firms, these two transfer agents were each in the top 5 by market share annually.

The total market share for transfer agents among active SEC registrants remains mostly unchanged relative to 2021, besides the EQ/AST combination. The top 5 transfer agents for the total population market share include: Computershare, Equiniti Trust Co/American Stock Transfer & Trust, Continental Stock Transfer & Trust, BNY Mellon, and Broadridge.

Computershare maintains its lead with 25.7% market share in 2022 compared to 27.2% in 2021. Equiniti Trust Co/American Stock Transfer & Trust holds a 20.4% market share in 2022. Computershare and EQ/AST hold nearly half of the clients in the Audit Analytics database. Finally, Continental Stock Transfer & Trust hold a market share of 12.7% compared to 11.9% in 2021.

The blog says that three transfer agents dominate the large cap market, with Computershare serving as the transfer agent for 57% of the S&P 500. Equiniti Trust Co/American Stock Transfer & Trust follows with 35% of the large cap market share, while Broadridge Corporate Issuer solutions rounds out the top 3 with a market share of 7%.

– John Jenkins