Latest news for Computershare (OTC:CMSQF) Stock

Founded in Australia in 1978, Computershare has grown via acquisitions to become the world's leading provider of issuer services. Employee share plans and communications services are commonly sold together with issuer services to corporations. The company also has a business services offering and a corporate trust business, alongside a retail mortgage administration business that's due to be divested. Over the medium term, around half of group EBITDA is expected to be generated from interest income on client cash balances, or margin income, which is exposed to interest-rate movements.

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RITM

Rithm Capital Corp (NYSE: RITM) penned a deal with Computershare Ltd (OTC: CMSQF) for the acquisition of Computershare Mortgage Services Inc.

Rithm Capital Buys Specialized Loan Servicing Business, Boosts Third-Party Servicing Business To $180B

COMPUTERSHARE LTD AUD by Computershare Ltd.

Computershare Ltd

ClearBridge International Growth EAFE Strategy Q2 2024 Commentary

Computershare Limited (AU:CPU) has released an update. Computershare Limited has updated the market with a daily buy-back notification, indicating ...

Computershare Continues Share Buy-Back Program

Computershare Limited (AU:CPU) has released an update. Computershare Limited has announced an update on its ongoing stock buy-back program, with a ...

Computershare Continues Active Share Buy-Back

Computershare Limited (AU:CPU) has released an update. Computershare Limited has updated the market with its latest share buy-back activity, reveal...

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Webster Financial (WBS – Research Report), Computer...

Analysts' Opinions Are Mixed on These Financial Stocks: Webster Financial (WBS), Computershare Limited (OtherCMSQF) and Pennantpark $ (PFLT)

Computershare Limited (AU:CPU) has released an update. Computershare Limited has released an update on its ongoing share buy-back program, announci...

Computershare Continues Share Buy-Back Effort

Computershare Limited (AU:CPU) has released an update. Computershare Limited has announced an on-market buy-back of its shares, with 30,000 ordinar...

ClearBridge International Growth ADR Strategy Q2 2024 Commentary

Computershare Limited (AU:CPU) has released an update. Computershare Limited has announced an update on its ongoing stock buy-back program, reporti...

Computershare Limited (AU:CPU) has released an update. Computershare Limited has updated the market with a notification of its ongoing share buy-ba...

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Computershare

Rithm Capital Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>) penned a deal with&nbsp;Computershare Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CMSQF#OTC">CMSQF</a>) for the acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (SLS),&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/10/b35025372/rithm-capital-to-acquire-specialized-loan-servicing-llc" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for about $720 million</a>.

The buyout comprises an unpaid principal balance (UPB) of mortgage servicing rights worth about $136 billion, of which $85 billion is third-party servicing, along with SLS&#39;s origination services business.&nbsp;

RITM plans to finance the acquisition through a combination of existing cash, available liquidity, and additional MSR financing.

Following the deal closure, RITM will transfer SLS&#39;s portfolio and operations to its portfolio company, Newrez LLC.

The transaction, which will grow Newrez&#39;s third-party servicing business to $180 billion, is expected to be completed in H1 2024 on customary closing conditions.

&quot;The addition of SLS continues to grow our best-in-class special servicing business and adds more clients and homeowners to the Newrez platform. It further strengthens our origination and servicing channels, both of which are designed to deliver a customer experience that prioritizes a successful homeownership journey,&quot; said Baron Silverstein, President of Newrez.

As of June 30, 2023, RITM had cash and&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/08/b33516460/rithm-capital-corp-announces-second-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">equivalents of $1.7 billion</a>.&nbsp;

In August, RITM disclosed the acquisition of&nbsp;Sculptor Capital Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCU#NYSE">SCU</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33342516/why-sculptor-capital-shares-are-rocketing-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for around $639 million</a>.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33319906/rithm-capital-buys-1-4b-of-marcus-loans-from-goldman-sachs" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Rithm Capital Buys $1.4B Of Marcus Loans From Goldman Sachs</a>

Price Action: RITM shares traded lower by 0.56% at $9.24 on the last check Monday.

Goldman Sachs initiates coverage on Computershare (OTC:<a class="ticker" href="/stock/CMSQF#OTC">CMSQF</a>) with a Buy rating.

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Goldman Sachs Initiates Coverage On Computershare with Buy Rating

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