Ocwen Financial Corp (OCN) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp lessened its holdings in shares of Ocwen Financial Corp (NYSE:OCN) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,776 shares of the financial services provider’s stock after selling 20,520 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.37% of Ocwen Financial worth $1,671,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Shell Asset Management Co. purchased a new position in Ocwen Financial during the 3rd quarter valued at about $455,000. Dynamic Technology Lab Private Ltd purchased a new position in Ocwen Financial during the 2nd quarter valued at about $104,000. The Manufacturers Life Insurance Company grew its stake in Ocwen Financial by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 88,317 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 8,186 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Ocwen Financial during the 2nd quarter valued at about $481,000. Finally, State Street Corp grew its stake in Ocwen Financial by 5.3% during the 2nd quarter. State Street Corp now owns 1,962,268 shares of the financial services provider’s stock valued at $5,275,000 after acquiring an additional 98,624 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors.
Ocwen Financial Corp (NYSE:OCN) opened at $3.02 on Wednesday. The firm has a market capitalization of $395.19, a PE ratio of -4.03 and a beta of 1.54. Ocwen Financial Corp has a 12 month low of $2.12 and a 12 month high of $5.97. The company has a debt-to-equity ratio of 9.82, a quick ratio of 5.07 and a current ratio of 5.07.
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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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