Vanguard Group Inc. boosted its stake in Ocwen Financial Corp (NYSE:OCN) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,865,057 shares of the financial services provider’s stock after purchasing an additional 217,294 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Ocwen Financial worth $38,868,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Ocwen Financial by 20.9% during the 2nd quarter. BlackRock Inc. now owns 8,319,364 shares of the financial services provider’s stock worth $32,946,000 after buying an additional 1,436,871 shares during the period. Millennium Management LLC lifted its holdings in Ocwen Financial by 322.2% during the 2nd quarter. Millennium Management LLC now owns 232,278 shares of the financial services provider’s stock worth $920,000 after buying an additional 177,260 shares during the period. Northern Trust Corp lifted its holdings in Ocwen Financial by 4.0% during the 2nd quarter. Northern Trust Corp now owns 2,324,420 shares of the financial services provider’s stock worth $9,205,000 after buying an additional 88,798 shares during the period. First Trust Advisors LP acquired a new position in Ocwen Financial during the 3rd quarter worth about $665,000. Finally, CQS Cayman LP lifted its holdings in Ocwen Financial by 4.9% during the 3rd quarter. CQS Cayman LP now owns 1,643,449 shares of the financial services provider’s stock worth $6,475,000 after buying an additional 77,400 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.

Several research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $4.00 target price on shares of Ocwen Financial in a report on Thursday, November 8th. ValuEngine raised Ocwen Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, BTIG Research assumed coverage on Ocwen Financial in a report on Thursday, November 29th. They set a “neutral” rating on the stock.

Shares of NYSE:OCN traded up $0.04 during midday trading on Monday, reaching $1.85. The company’s stock had a trading volume of 200 shares, compared to its average volume of 486,422. The company has a debt-to-equity ratio of 11.76, a current ratio of 8.31 and a quick ratio of 8.31. Ocwen Financial Corp has a fifty-two week low of $1.20 and a fifty-two week high of $4.84.

In other news, major shareholder Leon G. Cooperman sold 425,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $1.95, for a total value of $828,750.00. Following the transaction, the insider now directly owns 1,000,000 shares of the company’s stock, valued at approximately $1,950,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Leon G. Cooperman sold 200,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $2.05, for a total value of $410,000.00. Following the completion of the transaction, the insider now directly owns 1,000,000 shares in the company, valued at $2,050,000. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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Ocwen Financial Profile

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.

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

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