SG Americas Securities LLC Acquires Shares of 3,615 Ocwen Financial Co. (NYSE:OCN)

SG Americas Securities LLC bought a new position in Ocwen Financial Co. (NYSE:OCN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,615 shares of the financial services provider’s stock, valued at approximately $111,000.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Ocwen Financial by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,843 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 400 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Ocwen Financial by 16.3% during the second quarter. Royal Bank of Canada now owns 3,139 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 439 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Ocwen Financial by 9.5% during the third quarter. Rhumbline Advisers now owns 7,677 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 665 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Ocwen Financial by 82.7% during the second quarter. Quantbot Technologies LP now owns 1,485 shares of the financial services provider’s stock valued at $40,000 after buying an additional 672 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ocwen Financial by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,417 shares of the financial services provider’s stock worth $509,000 after buying an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OCN shares. B. Riley reaffirmed a “buy” rating and set a $50.00 price target on shares of Ocwen Financial in a report on Tuesday, March 26th. Keefe, Bruyette & Woods dropped their target price on shares of Ocwen Financial from $30.00 to $28.00 and set a “market perform” rating on the stock in a report on Tuesday, April 9th.

Ocwen Financial Stock Up 1.7 %

OCN stock opened at $23.45 on Friday. The business’s 50-day moving average is $25.78 and its two-hundred day moving average is $26.51. The company has a market cap of $181.97 million, a price-to-earnings ratio of -2.74 and a beta of 1.88. Ocwen Financial Co. has a fifty-two week low of $21.15 and a fifty-two week high of $35.79. The company has a debt-to-equity ratio of 23.13, a quick ratio of 18.14 and a current ratio of 18.14.

Ocwen Financial (NYSE:OCN) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.35. The firm had revenue of $277.30 million during the quarter, compared to the consensus estimate of $260.23 million. Ocwen Financial had a negative net margin of 5.97% and a positive return on equity of 10.21%. As a group, analysts forecast that Ocwen Financial Co. will post 5.58 earnings per share for the current year.

About Ocwen Financial

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.