SG Americas Securities LLC increased its position in shares of Ocwen Financial Corporation (NYSE:OCN) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,705 shares of the financial services provider’s stock after buying an additional 7,522 shares during the period. SG Americas Securities LLC owned about 0.12% of Ocwen Financial Corporation worth $405,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new stake in Ocwen Financial Corporation during the 1st quarter worth $104,000. BB&T Securities LLC increased its stake in Ocwen Financial Corporation by 87.5% during the 1st quarter. BB&T Securities LLC now owns 22,500 shares of the financial services provider’s stock worth $123,000 after buying an additional 10,500 shares during the period. TFS Capital LLC increased its stake in Ocwen Financial Corporation by 106.9% during the 1st quarter. TFS Capital LLC now owns 24,249 shares of the financial services provider’s stock worth $133,000 after buying an additional 12,528 shares during the period. Stifel Financial Corp increased its stake in Ocwen Financial Corporation by 15.4% during the 1st quarter. Stifel Financial Corp now owns 45,699 shares of the financial services provider’s stock worth $248,000 after buying an additional 6,099 shares during the period. Finally, American International Group Inc. increased its stake in Ocwen Financial Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 61,957 shares of the financial services provider’s stock worth $339,000 after buying an additional 4,088 shares during the period. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Ocwen Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $3.00 price target on shares of Ocwen Financial Corporation in a research note on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Ocwen Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $3.25.

Shares of Ocwen Financial Corporation (NYSE OCN) opened at 3.00 on Wednesday. The stock has a 50 day moving average of $2.87 and a 200 day moving average of $3.35. The company’s market cap is $392.58 million. Ocwen Financial Corporation has a 52-week low of $2.12 and a 52-week high of $6.15.

Ocwen Financial Corporation (NYSE:OCN) last released its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.17). The company had revenue of $311.30 million for the quarter, compared to analyst estimates of $295.33 million. Ocwen Financial Corporation had a negative net margin of 5.95% and a negative return on equity of 12.41%. Ocwen Financial Corporation’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.71) earnings per share. On average, equities analysts anticipate that Ocwen Financial Corporation will post ($0.87) earnings per share for the current fiscal year.

Ocwen Financial Corporation Profile

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.

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Institutional Ownership by Quarter for Ocwen Financial Corporation (NYSE:OCN)

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