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 directly with customers in forward lending, as well as through its correspondent lending arrangements, broker relationships, and retail channels of reverse mortgage lending. 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
Phone561-682-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.06 billion
Profitability
Miscellaneous
Employees7,200
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable
Ocwen Financial (NYSE:OCN) Frequently Asked Questions
What is Ocwen Financial's stock symbol?
Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."
When is Ocwen Financial's next earnings date?
What price target have analysts set for OCN?
2 brokerages have issued 1-year price objectives for Ocwen Financial's shares. Their forecasts range from $4.00 to $4.00. On average, they expect Ocwen Financial's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 119.2% from the stock's current price. View Analyst Price Targets for Ocwen Financial.
What is the consensus analysts' recommendation for Ocwen Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ocwen Financial.
Has Ocwen Financial been receiving favorable news coverage?
News headlines about OCN stock have trended somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ocwen Financial earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.
Who are some of Ocwen Financial's key competitors?
Some companies that are related to Ocwen Financial include Third Point Reinsurance (TPRE), St. Joe (JOE), PJT Partners (PJT), Granite Point Mortgage Trust (GPMT), Independence Realty Trust (IRT), Compass Diversified (CODI), FB Financial (FBK), IP Group (IPO), Daejan (DJAN), InfraREIT (HIFR), National Western Life Group (NWLI), MBIA (MBI), Ramco-Gershenson Properties Trust (RPT), TCG BDC (CGBD) and Mr. Cooper Group (COOP).
What other stocks do shareholders of Ocwen Financial own?
Who are Ocwen Financial's key executives?
Ocwen Financial's management team includes the folowing people:
- Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 59)
- Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 50)
- Mr. Arthur C. Walker Jr., Sr. VP, Global Tax (Age 48)
- Mr. Glen A. Messina, CEO, Pres & Director (Age 57)
- Ms. Catherine M. Dondzila, Sr. VP, Chief Accounting Officer & Principal Financial Officer (Age 56)
Who are Ocwen Financial's major shareholders?
Ocwen Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.29%), Dimensional Fund Advisors LP (2.47%), Dimensional Fund Advisors LP (2.47%), Northern Trust Corp (1.23%), Nomura Holdings Inc. (0.99%) and Geode Capital Management LLC (0.91%). Company insiders that own Ocwen Financial stock include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Institutional Ownership Trends for Ocwen Financial.
Which institutional investors are selling Ocwen Financial stock?
OCN stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Prescott Group Capital Management L.L.C., D. E. Shaw & Co. Inc., Two Sigma Advisers LP, RBF Capital LLC, California Public Employees Retirement System and Janney Montgomery Scott LLC. View Insider Buying and Selling for Ocwen Financial.
Which institutional investors are buying Ocwen Financial stock?
OCN stock was purchased by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Two Sigma Investments LP, Bank of New York Mellon Corp, BlackRock Inc., Squarepoint Ops LLC, Geode Capital Management LLC, Geode Capital Management LLC and Paloma Partners Management Co. Company insiders that have bought Ocwen Financial 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 Financial.
How do I buy shares of Ocwen Financial?
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 Financial's stock price today?
One share of OCN stock can currently be purchased for approximately $1.8250.
How big of a company is Ocwen Financial?
Ocwen Financial has a market capitalization of $244.40 million and generates $1.06 billion in revenue each year. Ocwen Financial employs 7,200 workers across the globe.
What is Ocwen Financial's official website?
How can I contact Ocwen Financial?
Ocwen Financial'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 Financial (NYSE OCN)
MarketBeat's community ratings are surveys of what our community members think about Ocwen Financial 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.
