A transfer agent is assigned by a corporation with publicly traded securities to track individuals that own their stocks and bonds. Transfer agents have several responsibilities, including managing/maintaining records for investors and making sure these investors receive appropriate payments. Here, we look at the market share among transfer agents in 2021.
The market share for transfer agents among active SEC registrants looks similar to the past few years.The same transfer agents control the top five for the total population: Computershare/BNY Mellon, American Stock Transfer & Trust, Continental Stock Transfer & Trust, Equiniti Trust Co, and Broadridge. Computershare maintains the lead in market share when looking at the total number of clients: 32.45% market share in 2021 (37.4% in 2020). American Stock Transfer & Trust holds a 17.56% market share in 2021 (21.2% in 2020).
The most significant change occurred with Continental Stock Transfer & Trust, which increased its market share from 5.6% in 2020 to 11.88% in 2021 (which had also increased from 4.3% to 5.6% the previous year).
Although the top five remains unchanged for the 2021 total population, its total market share decreased from 74.9% in 2020 to 69.63% in 2021. Outside of the top five, there are an additional 40 transfer agents that have at least 20 clients in our database.
S&P 500 market share
We also researched the S&P 500 population.This index tracks 500 large companies by market capitalization listed on the NYSE or Nasdaq exchanges.When looking strictly at this S&P 500 subset, the same collection of transfer agents comprises the top five, except it’s even more imbalanced.Computershare holds 56.4% of the market share, followed by Equiniti Trust Co (19.2%), American Stock Transfer & Trust (15.6%), and Broadridge (7%). These four transfer agents account for over 98.2% of the S&P 500 market.
There were many more IPOs within the past year than in previous years. As noted in a recent IPO blog, the Q3 of 2021 had more IPOs than any other Q3 in the past 22 years. There were 956 IPOs within the 2021 date range (December 1, 2020, to November 1, 2021) used for this blog. There was also a record number of SPACs (Special Purpose Acquisition Companies) for this period: 551 SPACs.Continental Stock Transfer & Trust is the transfer agent for 478 out these 551 SPACs (86.75%).SPACs have been increasing at a historic rate.
Continental Stock Transfer & Trust holds a substantial share of this IPO market (55.75%). American Stock Transfer & Trust (17.25% in 2021, 13.99% in 2020) and Computershare (14.85% in 2021, 19.34% in 2020) still account for large portions of the IPO market share.
Overall, we see that Computershare dominates the market for larger companies, while Continental Stock Transfer & Trust has taken command of the SPAC IPO market.American Stock Transfer & Trust, Equiniti Trust Co, and Broadridge are consistently in the top five, followed by other notable transfer agents, such as Vstock Transfer, Action Stock Transfer, Citibank, and Philadelphia Stock Transfer.
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Computershare primarily provides stock registration and transfer services to companies listed on stock markets, but also offers technology services for stock exchanges, investor services for shareholders and employee share plan management.
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.
The top 5 transfer agents for the total population market share include Computershare/BNY Mellon, Equiniti Trust Co/American Stock Transfer & Trust, Continental Stock Transfer & Trust, Broadridge, and Vstock Transfer.
How much does a Transfer Agent make in California? The average Transfer Agent salary in California is $90,306 as of July 25, 2023, but the range typically falls between $78,842 and $103,082.
Computershare acts as transfer agent/registrar to a range of US companies. For these companies, registered shareholders can manage their own holdings directly using our online platform, Investor Center.
Brokers are responsible for buying and selling securities for clients on the open market. Transfer agents are responsible for keeping an accurate record of securities ownership, including transfers, cancellations, and titling. Brokers typically earn a commission for each trade.
A substance that is able to cause a chain transfer in a chain polymerisation is called a chain transfer agent. It gives an atom to the radical at the growing end of a polymer chain and in doing so it results into a radical which can start the growth of a new chain. CCl4 is a chain transfer reagent.
The Fast Automated Securities Transfer Program (FAST) is a contract between DTC and transfer agents that eliminates the movement of physical securities by allowing agents to act as custodians for DTC. The FAST program was introduced in 1975 with a few hundred issues and several agents.
NEW YORK, Jan. 3, 2012 /PRNewswire/ -- Computershare Limited (ASX: CPU), a leading financial services provider for the global securities industry, announced today it has finalized the acquisition of the Shareowner Services business of The Bank of New York Mellon Corporation.
What is the highest salary for a Transfer Pricing Associate in India? Highest salary that a Transfer Pricing Associate can earn is ₹11.8 Lakhs per year (₹98.3k per month).
There are many different types of agents, with a great deal of pay variation among them. Examples of agents who consistently yield high annual salaries are mercantile agents, specifically brokers and federal government special agents. Brokers yield average annual salaries of $97,073, which is $46.67 an hour.
For help completing the transfer forms or additional information on transferring shares you may contact Computershare at 888-co*kESHR (888-265-3747) or 781-575-2652.
EQ Shareowner Services (“EQ”), a division of Equiniti Trust Company., P. O. Box 64854, St. Paul, MN 55164-0854 serves as Transfer Agent and Registrar for Berkshire's common stock.
Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent's name and contact information.
Whether we're providing transfer agency services in the U.S., Europe or Asia—our goal is to create a more consistent delivery of those capabilities for clients.
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