CPU Share Price History
07 May, 2021
Today we will run through one way of estimating the intrinsic value of Computershare Limited ( ASX:CPU ) by taking the...
06 Apr, 2021
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
24 Mar, 2021
Wells Fargo & Company has entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare for $750 million. The transaction is expected to close in 2H 2021. David Marks, Head of Wells Fargo Commercial Capital (WFC) said, “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and corporate clients.” Marks further added, “Additionally, we believe that Computershare’s similar approach to service and their emphasis on innovative product development will be valuable to our clients and Corporate Trust Services colleagues in the future.” The Corporate Trust Services business of Wells Fargo provides a range of trust and agency services related to debt securities issued by government entities, banking and securities industries as well as public and private corporations. Computershare is the largest Title Custodian service provider in the Canadian Mortgage backed securities industry. Frank Madonna will lead the business integrations. About 2,000 corporate trust Services employees are expected to transfer to Computershare. Madonna said, “We are excited to welcome these new employees to the computershare family. We know they are interested in the same things we are passionate about: providing excellent customer service, supporting diversity and inclusion efforts, and giving back to local communities.” (See Well Fargo stock analysis on TipRanks) This month, Raymond James analyst David Long reiterated a Buy rating on the stock but did not assign it a price target. Commenting after the Raymond James Institutional Investors Conference, Long said, “We see several positive catalysts on the horizon for Wells, including our forecast for pretax, pre-provision income (PTPPI) to have troughed in 4Q; a multiyear expense rationalization initiative already embarked upon; continued removal of consent orders; lower than peer losses in the aftermath of the pandemic driven recession; and the ability to materially increase share repurchases in 2H21.” Turning to rest of the Street, the stock has a Moderate Buy consensus rating alongside an average analyst price target of $37.80 based on 11 Buys and 7 Holds. Shares have rallied 49.5% over the past year. Related News: SYNNEX Jumps 6% On 1Q Earnings Beat, Merger With Tech Data IDEAYA Posts Better-Than-Feared Quarterly Loss, Sales Top Estimates Raven’s 4Q Results Miss Analysts’ Expectations; Shares Sink 9% More recent articles from Smarter Analyst: NeoGenomics To Snap Up Trapelo Health; Street Says Buy Intel To Set Up 2 Factories In Arizona; Shares jump 6.6% Post-Market Lockheed Martin Wins $3.7 Billion Missile Contract; Street Sees 14.8% Upside Compass Minerals Agrees To Sell South America Specialty Plant Nutrition Business For $418 Million
Wells Fargo (WFC) announces deal to divest Corporate Trust Services business to Australia's Computershare for $750 million, as part of the bank's efforts to shift its focus to core operations.
Wells Fargo on Wednesday said it will sell its corporate trust business to Australia's Computershare Ltd for $750 million, the latest move to unload assets and focus on main divisions since top boss Charles Scharf joined the bank in 2019. San Francisco-based Wells Fargo last month agreed to sell its asset management business to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. It has also announced deals to sell its private student loan portfolio and its Canadian direct equipment finance business.
23 Mar, 2021
Computershare Limited (ASX:CPU) has recently announced that it has agreed to acquire the assets of Wells Fargo Corporate Trust Services ("CTS"), subject to regulatory approvals. CTS provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries.
Wells Fargo entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare for purchase price $750 million.
Investment-related services provider Computershare Ltd said on Wednesday it would acquire U.S.-based trust services provider Wells Fargo Corporate Trust Services for $750 million. The Melbourne-based company also announced an A$835 million ($637.11 million) entitlement offer to help fund the acquisition. The acquisition is expected to be accretive to earnings per share by at least 15% on a constant currency and pro forma basis, the company said in a statement, adding that the acquired entity would generate a return of over 15% on invested capital by FY25.
11 Mar, 2021
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
16 Feb, 2021
Computershare Limited ( ASX:CPU ), might not be a large cap stock, but it received a lot of attention from a...
27 Jan, 2021
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
25 Jan, 2021
Computershare Finance Company Pty Limited -- Moody's announces completion of a periodic review of ratings of Computershare Ltd
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Computershare Ltd and other ratings that are associated with the same analytical unit. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
07 Jan, 2021
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
18 Dec, 2020
If you want to know who really controls Computershare Limited ( ASX:CPU ), then you'll have to look at the makeup of...
28 Nov, 2020
Does the November share price for Computershare Limited (ASX:CPU) reflect what it's really worth? Today, we will...
23 Nov, 2020
Broadridge Financial Solutions Inc, which makes the software behind many virtual shareholder meetings, said it will support competitors so the events can run more smoothly after some rocky moments in the early months of the COVID-19 pandemic. While the move may help rivals, Broadridge, as the largest recordkeeper of shareholder information, has more to gain if online meetings gain wider acceptance, Cathy Conlon, vice president of strategy, said in a recent interview. Activists focused on environmental, social and corporate governance issues say the digital format of virtual meetings can make it hard for them to hold companies accountable, especially since Wall Street's big institutional investors get access to top executives all year long.
08 Nov, 2020
Stuart Irving became the CEO of Computershare Limited (ASX:CPU) in 2014, and we think it's a good time to look at the...
19 Oct, 2020
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world...
29 Sep, 2020
Would Shareholders Who Purchased Computershare's (ASX:CPU) Stock Year Be Happy With The Share price Today?
It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...
10 Sep, 2020
Computershare Limited (ASX:CPU), might not be a large cap stock, but it saw significant share price movement during...