Vanguard Group Inc. raised its position in Ocwen Financial Corporation (NYSE:OCN) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,386,471 shares of the financial services provider’s stock after buying an additional 124,022 shares during the period. Vanguard Group Inc. owned approximately 5.64% of Ocwen Financial Corporation worth $19,869,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in Ocwen Financial Corporation by 23.7% in the 1st quarter. California Public Employees Retirement System now owns 293,900 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 56,400 shares during the last quarter. Wellington Management Group LLP purchased a new position in Ocwen Financial Corporation in the 1st quarter valued at about $621,000. American International Group Inc. boosted its position in Ocwen Financial Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 61,957 shares of the financial services provider’s stock valued at $339,000 after buying an additional 4,088 shares during the last quarter. Alliancebernstein L.P. boosted its position in Ocwen Financial Corporation by 92.1% in the 2nd quarter. Alliancebernstein L.P. now owns 274,940 shares of the financial services provider’s stock valued at $740,000 after buying an additional 131,800 shares during the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in Ocwen Financial Corporation in the 2nd quarter valued at about $376,000. 48.35% of the stock is owned by institutional investors.

A number of research firms have weighed in on OCN. ValuEngine cut shares of Ocwen Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. BidaskClub cut shares of Ocwen Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $3.00 price objective on shares of Ocwen Financial Corporation in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.33.

Ocwen Financial Corporation (NYSE OCN) opened at $3.08 on Thursday. The company has a debt-to-equity ratio of 9.82, a quick ratio of 5.07 and a current ratio of 5.07. Ocwen Financial Corporation has a 12-month low of $2.12 and a 12-month high of $6.15.

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Ocwen Financial Corporation Company 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.

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

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