Is Ocwen Financial Corp (OCN)’s Fuel Running Low? The Stock Just Declined Again

August 11, 2017 - By Marry Poplack

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.31, from 0.83 in 2016Q3. It improved, as 22 investors sold Ocwen Financial Corp shares while 36 reduced holdings. 28 funds opened positions while 38 raised stakes. 62.70 million shares or 5.48% less from 66.34 million shares in 2016Q3 were reported.
Amalgamated Financial Bank reported 12,706 shares. National Bank Of America De holds 139,618 shares. Credit Suisse Ag accumulated 0% or 341,813 shares. Dimensional Fund L P owns 470,185 shares. Northern Tru Corporation stated it has 0% in Ocwen Financial Corp (NYSE:OCN). Brown Brothers Harriman & holds 32,320 shares or 0% of its portfolio. Geode Capital Mngmt Ltd Liability Com accumulated 719,304 shares. Kcg owns 82,848 shares. 2,811 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). Zacks Investment Management has 0.01% invested in Ocwen Financial Corp (NYSE:OCN). Phoenix Adviser Ltd Liability owns 0.83% invested in Ocwen Financial Corp (NYSE:OCN) for 301,000 shares. Moreover, Wells Fargo Company Mn has 0% invested in Ocwen Financial Corp (NYSE:OCN) for 258,638 shares. Blackrock Fund Advisors reported 3.37 million shares stake. Rhumbline Advisers reported 123,438 shares. Price T Rowe Assoc Md owns 84,648 shares for 0% of their portfolio.

The stock of Ocwen Financial Corp (NYSE:OCN) is a huge mover today! About 605,253 shares traded. Ocwen Financial Corp (NYSE:OCN) has risen 72.00% since August 11, 2016 and is uptrending. It has outperformed by 55.30% the S&P500.
The move comes after 7 months negative chart setup for the $370.33M company. It was reported on Aug, 11 by Barchart.com. We have $2.69 PT which if reached, will make NYSE:OCN worth $18.52M less.

Ocwen Financial Corp (NYSE:OCN) Ratings Coverage

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 22 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, September 2, the company rating was upgraded by Vetr. The company was maintained on Monday, July 24 by Piper Jaffray. The firm earned “Sell” rating on Tuesday, August 4 by Compass Point. The rating was downgraded by Bank of America to “Underperform” on Monday, August 3. The stock of Ocwen Financial Corp (NYSE:OCN) has “Buy” rating given on Thursday, August 6 by Zacks. The company was downgraded on Tuesday, September 8 by Vetr. The stock of Ocwen Financial Corp (NYSE:OCN) earned “Neutral” rating by Sterne Agee CRT on Friday, July 31. The firm earned “Neutral” rating on Thursday, April 28 by Compass Point. The firm earned “Hold” rating on Tuesday, April 11 by Wood. Compass Point upgraded it to “Buy” rating and $3.50 target in Monday, April 24 report.

More notable recent Ocwen Financial Corp (NYSE:OCN) news were published by: Globenewswire.com which released: “Ocwen Financial Announces Preliminary Operating Results for Second Quarter 2017” on August 02, 2017, also Streetinsider.com with their article: “Form 8-K OCWEN FINANCIAL CORP For: Jul 23” published on July 24, 2017, Globenewswire.com published: “Ocwen Financial Corporation Schedules Conference Call – 2nd Quarter 2017 Results” on July 26, 2017. More interesting news about Ocwen Financial Corp (NYSE:OCN) were released by: Businesswire.com and their article: “New Residential and Ocwen Financial Announce Agreement Relating to Mortgage …” published on July 24, 2017 as well as Law360.com‘s news article titled: “DOJ Gets Say On CFPB Constitutionality In Ocwen Fight” with publication date: August 04, 2017.

Ocwen Financial Corporation is a financial services holding company. The company has market cap of $370.33 million. The Company, through its subsidiaries, originates and services loans. It currently has negative earnings. The Company’s divisions include Servicing, Lending, and Corporate Items and Other.

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