Breaking: KBW Keeps $3.0 Price Objective On Ocwen Financial (NYSE:OCN) Shares, Keeps Their Original Hold Rating

December 8, 2017 - By Michael Collier

 Breaking: KBW Keeps $3.0 Price Objective On Ocwen Financial (NYSE:OCN) Shares, Keeps Their Original Hold Rating

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It increased, as 28 investors sold Ocwen Financial Corporation shares while 23 reduced holdings. 26 funds opened positions while 34 raised stakes. 60.63 million shares or 3.57% more from 58.54 million shares in 2017Q1 were reported.

Jbf Capital, a Colorado-based fund reported 1,000 shares. Voya Invest Management Limited Co has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Cqs Cayman Lp holds 0.31% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 1.70M shares. Bnp Paribas Arbitrage Sa holds 0% or 27,216 shares in its portfolio. Creative Planning accumulated 51 shares. Great West Life Assurance Communications Can owns 8,800 shares. Omega accumulated 0.84% or 7.46 million shares. Pdt Partners reported 0.01% in Ocwen Financial Corporation (NYSE:OCN). Deutsche Bancshares Ag has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 1.51 million shares. Bogle Investment Management L P De reported 27,362 shares. Moreover, Invesco Ltd has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 443,755 shares. Schwab Charles Management stated it has 0% in Ocwen Financial Corporation (NYSE:OCN). Peak6 Investments Ltd Partnership accumulated 0% or 106,759 shares. Moreover, Nationwide Fund Advsr has 0% invested in Ocwen Financial Corporation (NYSE:OCN). Edge Wealth Ltd Liability Co accumulated 1,000 shares.

Ocwen Financial (NYSE:OCN) Rating Reaffirmed

They currently have a $3.0 TP on Ocwen Financial (NYSE:OCN). The target price by KBW would suggest a potential downside of -2.60 % from the company’s last stock close. This has been released in a note on Friday morning.

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It increased, as 28 investors sold Ocwen Financial Corporation shares while 23 reduced holdings. 26 funds opened positions while 34 raised stakes. 60.63 million shares or 3.57% more from 58.54 million shares in 2017Q1 were reported.

Jbf Capital, a Colorado-based fund reported 1,000 shares. Voya Invest Management Limited Co has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Cqs Cayman Lp holds 0.31% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 1.70M shares. Bnp Paribas Arbitrage Sa holds 0% or 27,216 shares in its portfolio. Creative Planning accumulated 51 shares. Great West Life Assurance Communications Can owns 8,800 shares. Omega accumulated 0.84% or 7.46 million shares. Pdt Partners reported 0.01% in Ocwen Financial Corporation (NYSE:OCN). Deutsche Bancshares Ag has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 1.51 million shares. Bogle Investment Management L P De reported 27,362 shares. Moreover, Invesco Ltd has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 443,755 shares. Schwab Charles Management stated it has 0% in Ocwen Financial Corporation (NYSE:OCN). Peak6 Investments Ltd Partnership accumulated 0% or 106,759 shares. Moreover, Nationwide Fund Advsr has 0% invested in Ocwen Financial Corporation (NYSE:OCN). Edge Wealth Ltd Liability Co accumulated 1,000 shares.

Ocwen Financial Corporation (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 has $9 highest and $2.5000 lowest target. $4.79’s average target is 55.52% above currents $3.08 stock price. Ocwen Financial had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Strong-Buy” rating on Friday, August 28 by Vetr. Compass Point downgraded the stock to “Neutral” rating in Thursday, January 12 report. As per Tuesday, August 4, the company rating was maintained by Compass Point. Oppenheimer maintained the stock with “Market Perform” rating in Friday, August 7 report. The company was downgraded on Monday, August 3 by Bank of America. Keefe Bruyette & Woods maintained Ocwen Financial Corporation (NYSE:OCN) rating on Monday, August 14. Keefe Bruyette & Woods has “Hold” rating and $3.0 target. The stock has “Hold” rating by Vetr on Tuesday, September 8. Compass Point maintained Ocwen Financial Corporation (NYSE:OCN) rating on Thursday, December 3. Compass Point has “Neutral” rating and $8.0 target. Vetr upgraded it to “Strong-Buy” rating and $8.02 target in Wednesday, September 2 report. The rating was maintained by Compass Point with “Neutral” on Thursday, April 28.

The stock decreased 1.91% or $0.06 during the last trading session, reaching $3.08. About 2.29 million shares traded or 51.53% up from the average. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since December 8, 2016 and is uptrending. It has outperformed by 55.30% the S&P500.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on February, 28. They expect $-0.37 earnings per share, down 362.50 % or $0.29 from last year’s $-0.08 per share. After $-0.23 actual earnings per share reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts 60.87 % negative EPS growth.

Ocwen Financial Corporation, a financial services holding company, engages in the servicing and origination of mortgage loans in the United States. The company has market cap of $403.05 million. The Company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. It currently has negative earnings. This segmentÂ’s residential servicing portfolio includes conventional, government insured, and non-agency loans.

More news for Ocwen Financial Corporation (NYSE:OCN) were recently published by: Seekingalpha.com, which released: “More Ocwen settlements announced” on December 04, 2017. Globenewswire.com‘s article titled: “Ocwen and NAACP Announce Two Florida Events to Help Struggling Homeowners” and published on November 09, 2017 is yet another important article.

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