Ocwen Financial Co. (NYSE:OCN) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Ocwen Financial Co. (NYSE:OCNFree Report) by 41.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,734 shares of the financial services provider’s stock after purchasing an additional 805 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ocwen Financial were worth $71,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Ocwen Financial by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 42,815 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 1,429 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Ocwen Financial by 126.8% during the third quarter. Acadian Asset Management LLC now owns 9,536 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 5,332 shares in the last quarter. RBF Capital LLC boosted its stake in shares of Ocwen Financial by 5.7% in the second quarter. RBF Capital LLC now owns 145,365 shares of the financial services provider’s stock valued at $4,357,000 after purchasing an additional 7,848 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Ocwen Financial in the second quarter valued at approximately $202,000. Finally, MetLife Investment Management LLC purchased a new stake in Ocwen Financial during the 2nd quarter worth approximately $104,000. 70.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $50.00 price target on shares of Ocwen Financial in a research note on Tuesday. StockNews.com upgraded Ocwen Financial from a “sell” rating to a “hold” rating in a report on Friday, December 15th.

View Our Latest Stock Report on OCN

Ocwen Financial Price Performance

Ocwen Financial stock opened at $27.01 on Friday. The stock has a market cap of $207.44 million, a P/E ratio of -3.16 and a beta of 1.87. The company has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $26.67. The company has a current ratio of 18.14, a quick ratio of 18.14 and a debt-to-equity ratio of 23.13. Ocwen Financial Co. has a 12-month low of $21.15 and a 12-month high of $35.79.

Ocwen Financial (NYSE:OCNGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.35. Ocwen Financial had a positive return on equity of 10.21% and a negative net margin of 5.97%. The business had revenue of $277.30 million during the quarter, compared to analysts’ expectations of $260.23 million. Equities analysts expect that Ocwen Financial Co. will post 5.15 EPS for the current fiscal year.

About Ocwen Financial

(Free Report)

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.

See Also

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

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