Updating Broadridge Financial Solutions, Amazon.com and Sherritt International

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $133.20 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 116.1 million; Market cap: $15.4 billion; Dividend yield: 1.5%) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corp. (symbol AMTD on Nasdaq). It has yet to disclose the purchase price. The acquisition should strengthen Broadridge’s mutual fund and retirement business and enhance its position as one of the leading providers of custodial services. The purchase is also part of its efforts to expand Matrix Financial Solutions. That’s the subsidiary through which Broadridge offers mutual fund trade and processing services. The new acquisition will bring key features to Matrix like directed trustee, custody, mutual fund and ETF trading services. In addition, the acquisition expands Broadridge’s offerings in the growing retirement planning market. It also helpsthe company provide enhanced support to brokers, financial advisors, banks, and third-party administrators. Broadridge Financial is a top pick for 2019. AMAZON.COM $1,992.03 (Nasdaq symbol…

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