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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. This segment's residential servicing portfolio includes conventional, government insured, and non-agency loans. The company's Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. The company also provides short-term inventory-secured loans to independent used car dealers to finance their inventory. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
Industry, Sector and Symbol
Industry Mortgage bankers & correspondents
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNYSE:OCN
CUSIP67574630
Phone561-682-8000
Debt
Debt-to-Equity Ratio10.16
Current Ratio7.02
Quick Ratio7.02
Price-To-Earnings
Trailing P/E Ratio-4.90
Forward P/E Ratio-12.81
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.19 billion
Price / Sales0.52
Cash FlowN/A
Price / CashN/A
Book Value$4.72 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)($0.94)
Net Income$-127,960,000.00
Net Margins-8.18%
Return on Equity-14.22%
Return on Assets-1.02%
Miscellaneous
Employees7,600
Outstanding Shares133,910,000
Ocwen (NYSE:OCN) Frequently Asked Questions
What is Ocwen's stock symbol?
Ocwen trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."
How were Ocwen's earnings last quarter?
Ocwen (NYSE:OCN) released its quarterly earnings data on Wednesday, May, 2nd. The financial services provider reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.35. The financial services provider had revenue of $260.26 million for the quarter, compared to analysts' expectations of $268 million. Ocwen had a negative net margin of 8.18% and a negative return on equity of 14.22%. The firm's revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) earnings per share. View Ocwen's Earnings History.
When is Ocwen's next earnings date?
What price target have analysts set for OCN?
1 brokerages have issued 1 year target prices for Ocwen's stock. Their forecasts range from $3.00 to $3.00. On average, they expect Ocwen's stock price to reach $3.00 in the next twelve months. View Analyst Ratings for Ocwen.
Who are some of Ocwen's key competitors?
Some companies that are related to Ocwen include First Interstate BancSystem (FIBK), Diamondrock Hospitality (DRH), FirstService (FSV), Colony NorthStar Credit (CLNC), Prospect Capital (PSEC), Cadence Bancorp (CADE), RMR Group (RMR), Renasant (RNST), Piedmont Office Realty Trust (PDM), ServisFirst Bancshares (SFBS), Urban Edge Properties (UE), Main Street Capital (MAIN), First Merchants (FRME), Apollo Commercial Real Estat (ARI) and Hamilton Lane Advisors (HLNE).
Who are Ocwen's key executives?
Ocwen's management team includes the folowing people:
- Mr. Ronald M. Faris, Pres, CEO & Director (Age 55)
- Mr. Michael R. Bourque Jr., Exec. VP & CFO (Age 40)
- Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 58)
- Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 49)
- Mr. Arthur C. Walker Jr., Sr. VP, Global Tax (Age 47)
Has Ocwen been receiving favorable news coverage?
Headlines about OCN stock have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ocwen earned a media sentiment score of 0.11 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 45.92 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Ocwen's major shareholders?
Ocwen's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Deer Park Road Corp (9.96%), BlackRock Inc. (5.14%), Northern Trust Corp (1.67%), Schwab Charles Investment Management Inc. (1.25%), CQS Cayman LP (1.17%) and California Public Employees Retirement System (0.46%). Company insiders that own Ocwen stock include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Institutional Ownership Trends for Ocwen.
Which major investors are selling Ocwen stock?
OCN stock was sold by a variety of institutional investors in the last quarter, including Akanthos Capital Management LLC, CQS Cayman LP, JPMorgan Chase & Co., California Public Employees Retirement System, Saba Capital Management L.P., Millennium Management LLC, BlackRock Inc. and Federated Investors Inc. PA. View Insider Buying and Selling for Ocwen.
Which major investors are buying Ocwen stock?
OCN stock was purchased by a variety of institutional investors in the last quarter, including Deer Park Road Corp, Schwab Charles Investment Management Inc., Engineers Gate Manager LP, Northern Trust Corp, Element Capital Management LLC, MetLife Investment Advisors LLC, Thompson Siegel & Walmsley LLC and SG Americas Securities LLC. Company insiders that have bought Ocwen stock in the last two years include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Insider Buying and Selling for Ocwen.
How do I buy shares of Ocwen?
Shares of OCN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ocwen's stock price today?
One share of OCN stock can currently be purchased for approximately $4.61.
How big of a company is Ocwen?
Ocwen has a market capitalization of $621.36 million and generates $1.19 billion in revenue each year. The financial services provider earns $-127,960,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis. Ocwen employs 7,600 workers across the globe.
How can I contact Ocwen?
Ocwen's mailing address is 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409. The financial services provider can be reached via phone at 561-682-8000 or via email at [email protected]
MarketBeat Community Rating for Ocwen (OCN)
MarketBeat's community ratings are surveys of what our community members think about Ocwen and other stocks. Vote "Outperform" if you believe OCN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCN will underperform the S&P 500 over the long term. You may vote once every thirty days.
Ocwen (NYSE:OCN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Ocwen in the last 12 months. Their average twelve-month price target is $3.00, suggesting that the stock has a possible downside of 34.92%. The high price target for OCN is $3.00 and the low price target for OCN is $3.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $3.00 | $3.25 | $3.3333 | $3.3333 |
| Price Target Upside: | 34.92% downside | 16.49% upside | 19.47% upside | 19.47% upside |
Ocwen (NYSE:OCN) Consensus Price Target History
Ocwen (NYSE:OCN) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Ocwen (NYSE:OCN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Ocwen (NYSE OCN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.30%
Institutional Ownership Percentage: 54.17%
Ocwen (NYSE OCN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/2/2018 | Leon G Cooperman | Major Shareholder | Buy | 29,187 | $3.54 | $103,321.98 | 1,000,000 |  |
| 2/28/2018 | Leon G Cooperman | Major Shareholder | Buy | 314,448 | $3.59 | $1,128,868.32 | 1,000,000 | |
| 2/13/2018 | Leon G Cooperman | Major Shareholder | Buy | 54,000 | $3.46 | $186,840.00 | 1,000,000 | |
| 2/5/2018 | Leon G Cooperman | Major Shareholder | Buy | 445,759 | $3.20 | $1,426,428.80 | 1,000,000 | |
| 2/2/2018 | Leon G Cooperman | Major Shareholder | Buy | 178,198 | $3.24 | $577,361.52 | 1,000,000 | |
| 1/23/2018 | Glenn Holmes | Director | Buy | 1,500 | $0.24 | $360.00 | | |
| 1/23/2018 | Leon G Cooperman | Major Shareholder | Buy | 494,459 | $3.16 | $1,562,490.44 | | |
| 9/28/2017 | Glenn Holmes | Director | Buy | 6,500 | $0.27 | $1,755.00 | | |
| 4/21/2017 | John Devaney | Major Shareholder | Buy | 4,301,934 | $2.66 | $11,443,144.44 | | |
| 4/20/2017 | John Devaney | Major Shareholder | Buy | 3,040,209 | $2.70 | $8,208,564.30 | | |
| 4/29/2016 | Kingstown Capital Partners, Ll | Insider | Sell | 250,000 | $2.26 | $565,000.00 | | |
| 3/28/2016 | Richard Basil Gordon | Director | Buy | 1,000 | $0.26 | $260.00 | | |
| 3/24/2016 | Richard Basil Gordon | Director | Buy | 1,500 | $0.25 | $375.00 | | |
| 3/22/2016 | Richard Basil Gordon | Director | Buy | 3,000 | $0.27 | $810.00 | | |
| 3/21/2016 | Glenn Holmes | Director | Buy | 5,000 | $0.25 | $1,250.00 | | |
| 3/18/2016 | Richard Basil Gordon | Director | Buy | 2,000 | $0.28 | $560.00 | | |
| 3/16/2016 | Richard Basil Gordon | Director | Buy | 2,000 | $0.27 | $540.00 | | |
| 3/11/2016 | Otto J Kumbar | EVP | Buy | 50,000 | $2.92 | $146,000.00 | 115,000 | |
| 3/8/2016 | Otto J Kumbar | EVP | Buy | 50,000 | $2.70 | $135,000.00 | 65,000 | |
| 3/3/2016 | Arthur C Walker Jr | SVP | Buy | 10,000 | $2.27 | $22,700.00 | 14,979 | |
| 2/19/2016 | Richard Basil Gordon | Director | Buy | 5,000 | $0.22 | $1,100.00 | | |
| 1/21/2016 | Richard Basil Gordon | Director | Buy | 1,000 | $0.16 | $160.00 | | |
| 11/24/2015 | Timothy M Hayes | EVP | Buy | 2,000 | $6.46 | $12,920.00 | 18,000 | |
| 11/13/2015 | Ronald M. Faris | CEO | Buy | 5,000 | $6.19 | $30,950.00 | 420,899 | |
| 9/30/2015 | Richard Basil Gordon | Director | Buy | 2,000 | $0.19 | $380.00 | | |
| 9/25/2015 | Richard Basil Gordon | Director | Buy | 1,000 | $0.21 | $210.00 | | |
| 6/25/2015 | Glenn Holmes | Director | Buy | 2,500 | $0.1950 | $487.50 | | |
| 3/13/2015 | Glenn Holmes | Director | Buy | 1,500 | $0.25 | $375.00 | | |
| 12/4/2014 | Richard Basil Gordon | Director | Buy | 3,000 | $0.26 | $780.00 | | |
| 11/6/2014 | Richard Basil Gordon | Director | Buy | 2,000 | $0.35 | $700.00 | | |
| 7/14/2014 | Wilbur L Ross Jr | Director | Sell | 1,950,296 | $37.00 | $72,160,952.00 | | |
| 11/21/2013 | Barry Wish | Director | Sell | 250,000 | $53.53 | $13,382,500.00 | 211,515 | |
| 11/18/2013 | Timothy Hayes | EVP | Buy | 1,000 | $52.44 | $52,440.00 | 1,000 | |
| 9/23/2013 | Wilbur Ross, Jr. | Director | Sell | 3,145,640 | $50.19 | $157,879,671.60 | | |
| 8/22/2013 | Nikhil Malik | CFO | Sell | 7,500 | $50.49 | $378,675.00 | | |
| 8/7/2013 | Barry Wish | Director | Sell | 300,000 | $50.29 | $15,087,000.00 | 211,515 | |
| 6/11/2013 | Ronald J Korn | Director | Sell | 2,000 | $45.00 | $90,000.00 | | |
(Data available from 1/1/2013 forward)
Ocwen (NYSE OCN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | New force-placed insurance lawsuit for mortgage giant Ocwen Financial
www.reuters.com - May 19 at 8:44 AM |
 | Ocwen (OCN) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - May 16 at 11:04 AM |
 | Omega's 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More...)
www.streetinsider.com - May 16 at 9:00 AM |
 | PHH Corporation Announces First Quarter 2018 Results
www.businesswire.com - May 8 at 5:05 PM |
| Zacks: Analysts Expect Ocwen (OCN) Will Post Earnings of -$0.13 Per Share
www.americanbankingnews.com - May 7 at 11:24 AM |
| Piper Jaffray Weighs in on Ocwen's Q2 2018 Earnings (OCN)
www.americanbankingnews.com - May 7 at 1:52 AM |
 | Ocwen (OCN) Stock Up 5.1% on Q1 Earnings Beat, Costs Down
www.zacks.com - May 3 at 8:45 AM |
| Ocwen (OCN) Upgraded at ValuEngine
www.americanbankingnews.com - May 2 at 11:10 PM |
| Form 8-K OCWEN FINANCIAL CORP For: May 02
www.streetinsider.com - May 2 at 5:08 PM |
| Ocwen (OCN) Issues Quarterly Earnings Results, Beats Expectations By $0.35 EPS
www.americanbankingnews.com - May 2 at 4:28 PM |
 | Ocwen Financial Announces Operating Results for First Quarter 2018
globenewswire.com - May 2 at 8:50 AM |
 | Rising rates boost Ocwen's Q1 results
seekingalpha.com - May 2 at 8:50 AM |
 | Ocwen Financial Announces Operating Results for First Quarter 2018
finance.yahoo.com - May 2 at 8:50 AM |
| Ocwen: 1Q Earnings Snapshot
finance.yahoo.com - May 2 at 8:50 AM |
| Moody's assigns provisional ratings to New Residential Mortgage Loan Trust 2018-2
finance.yahoo.com - April 26 at 8:42 AM |
 | Ocwen Financial Corporation Schedules Conference Call - 1st Quarter 2018 Results
feeds.benzinga.com - April 25 at 8:11 AM |
| Ocwen (OCN) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 25 at 5:47 AM |
| Ocwen: Rumors Swirl On CEO Departure
seekingalpha.com - April 24 at 5:11 PM |
| Head to Head Comparison: Nationstar Mortgage (NSM) versus Ocwen (OCN)
www.americanbankingnews.com - April 22 at 1:22 AM |
| Mulvaney’s first fine at CFPB is second-largest in history of agency
finance.yahoo.com - April 20 at 4:57 PM |
| Zacks: Brokerages Expect Ocwen (OCN) to Post -$0.33 Earnings Per Share
www.americanbankingnews.com - April 20 at 9:18 AM |
 | Lawsuit seeks to block PHH's pending sale to Ocwen
www.bizjournals.com - April 20 at 8:57 AM |
| Owl Creek funds sue Ocwen, executives alleging securities fraud
www.reuters.com - April 19 at 8:48 AM |
| BRIEF-Ocwen Financial Corporation Names Glen Messina President And Chief Executive Officer
www.reuters.com - April 19 at 8:48 AM |
| Ocwen Financial Corporation Names Glen Messina President and Chief Executive Officer
finance.yahoo.com - April 19 at 8:48 AM |
| Nationstar Mortgage (NSM) and Ocwen (OCN) Financial Contrast
www.americanbankingnews.com - April 18 at 1:20 AM |
| The Law Offices of Vincent Wong Reminds Investors of an Investigation into PHH Corporation in Connection with the ...
www.businesswire.com - April 17 at 5:25 PM |
| Ocwen (OCN) vs. Nationstar Mortgage (NSM) Head-To-Head Review
www.americanbankingnews.com - April 15 at 7:21 AM |
 | Atlas Consumer Law Secures $3582000 jury verdict obtained by Monette Saccameno, a resident of Cook County ...
www.prnewswire.com - April 12 at 9:31 AM |
| Ocwen (OCN) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 11 at 1:11 AM |
| Ocwen (OCN) Downgraded to Strong Sell at ValuEngine
www.americanbankingnews.com - April 10 at 9:44 AM |
| Ocwen Financial pays down debt
seekingalpha.com - April 9 at 4:50 PM |
| What's Happening With These Mortgage Investment Stocks? -- Hilltop, Nationstar Mortgage, Ocwen Financial, and ...
www.prnewswire.com - April 5 at 10:54 AM |
| Head to Head Review: Ocwen (OCN) and Nationstar Mortgage (NSM)
www.americanbankingnews.com - April 4 at 11:20 AM |
| Ocwen (OCN) Downgraded by ValuEngine to "Sell"
www.americanbankingnews.com - April 3 at 11:09 AM |
| Zacks: Brokerages Expect Ocwen (OCN) Will Post Earnings of -$0.33 Per Share
www.americanbankingnews.com - April 3 at 9:08 AM |
| Ocwen (OCN) Short Interest Down 32.8% in March
www.americanbankingnews.com - April 2 at 2:32 AM |
| Ocwen Leads the Industry in Offering Innovative Mortgage Loan Modifications –Helps Over 45000 Families Avoid ...
globenewswire.com - March 28 at 9:04 AM |
| Ocwen Leads the Industry in Offering Innovative Mortgage Loan Modifications –Helps Over 45,000 Families Avoid Foreclosure in 2017
finance.yahoo.com - March 28 at 9:04 AM |
 | Financial Sector Update for 03/23/2018: BAC,OCN,BX,GSVC - Nasdaq
www.nasdaq.com - March 23 at 5:09 PM |
| Ocwen (OCN) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - March 17 at 11:58 AM |
| Ocwen (OCN) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 17 at 3:40 AM |
| Ocwen Participating in Two New York City Events to Help ... - GlobeNewswire (press release)
globenewswire.com - March 14 at 9:27 AM |
| Altisource Solutions S.a.r.l. -- Moody's affirms Altisource's B3 ratings, revises outlook to positive
finance.yahoo.com - March 13 at 6:51 PM |
| Ocwen Participating in Two New York City Events to Help Homeowners
feeds.benzinga.com - March 13 at 4:48 PM |
| The Law Offices of Vincent Wong Notifies Investors of an ... - Business Wire (press release)
www.businesswire.com - March 10 at 8:52 AM |
| PHH CORPORATION INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PHH Corporation
finance.yahoo.com - March 5 at 5:28 PM |
| Leon G. Cooperman Purchases 29,187 Shares of Ocwen Financial Corp (OCN) Stock
www.americanbankingnews.com - March 2 at 7:14 PM |
| Leon G. Cooperman Acquires 314,448 Shares of Ocwen Financial Corp (OCN) Stock
www.americanbankingnews.com - March 2 at 6:20 PM |
| Leon Cooperman Boosts Ownership of Embattled Company
finance.yahoo.com - March 2 at 5:39 PM |
Ocwen (NYSE:OCN) SEC Filings
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Ocwen (NYSE:OCN) Income Statement, Balance Sheet and Cash Flow Statement
Ocwen (NYSE OCN) Stock Chart for Wednesday, May, 23, 2018
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