Schwab Charles Investment Management Inc. increased its position in Ocwen Financial Corp (NYSE:OCN) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,292,967 shares of the financial services provider’s stock after acquiring an additional 165,068 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Ocwen Financial were worth $4,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OCN. Dynamic Technology Lab Private Ltd purchased a new position in Ocwen Financial in the 2nd quarter worth approximately $104,000. Voya Investment Management LLC raised its holdings in Ocwen Financial by 17.1% in the 2nd quarter. Voya Investment Management LLC now owns 54,338 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 7,936 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ocwen Financial by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 88,317 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 8,186 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in Ocwen Financial in the 2nd quarter worth approximately $327,000. Finally, Rhumbline Advisers raised its holdings in Ocwen Financial by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 128,831 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 2,826 shares during the last quarter. Institutional investors own 45.87% of the company’s stock.

Ocwen Financial Corp (NYSE:OCN) opened at $3.01 on Thursday. Ocwen Financial Corp has a 1-year low of $2.12 and a 1-year high of $5.97. The firm has a market cap of $393.89, a P/E ratio of -4.01 and a beta of 1.54. The company has a debt-to-equity ratio of 9.82, a current ratio of 5.07 and a quick ratio of 5.07.

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About Ocwen Financial

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 (NYSE:OCN)

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