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 small 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

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

Computershare Limited Continues Aggressive Share Buy-Back

In a report released yesterday, Kieran Chidgey from Jarden maintained a Buy rating on Computershare Limited (CMSQF – Research Report), with a price...

Jarden Keeps Their Buy Rating on Computershare Limited (CMSQF)

Computershare Limited (AU:CPU) has released an update. Computershare Limited is set to present key updates at its 2024 Annual General Meeting, high...

Computershare Limited Prepares for 2024 AGM Insights

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Analysts Offer Insights on Financial Companies: Alpha Bank AE (OtherALBKF), Sun Life Financial (SLF) and Computershare Limited (OtherCMSQF)

Morgan Stanley analyst Andrei Stadnik maintained a Hold rating on Computershare Limited (CMSQF – Research Report) today and set a price target of A...

Morgan Stanley Sticks to Its Hold Rating for Computershare Limited (CMSQF)

Computershare Limited (AU:CPU) has released an update. Gerrard Bruce Schmid, a director at Computershare Limited, has increased his holdings by acq...

Computershare Director Boosts Shareholdings Significantly

Computershare Limited (AU:CPU) has released an update. Computershare Limited has announced the cessation of 1,205,027 ordinary fully paid securitie...

Computershare Announces Significant Share Buy-Back

Goldman Sachs analyst Julian Braganza maintained a Buy rating on Computershare Limited (CMSQF – Research Report) on November 15 and set a price tar...

Goldman Sachs Sticks to Their Buy Rating for Computershare Limited (CMSQF)

ALBKF

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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