Ocwen Financial Corporation Company Profile (NYSE:OCN)

About Ocwen Financial Corporation

Ocwen Financial Corporation logoOcwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company's segments include Servicing, Lending, and Corporate Items and Other. The Company's Servicing segment consists of its core residential servicing business. The Company's Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans. The Company's Corporate Items and Other segment includes business activities that include providing secured floor plan lending to used car dealerships through its Automotive Capital Services (ACS) venture and providing financing to investors to purchase single-family homes and apartments for lease through its Liberty Rental Finance venture. The Corporate Items and Other segment also includes the diversified fee-based businesses, which provide property valuation, real estate owned (REO) management, title and closing services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Mortgage Investment
  • Sub-Industry: Thrifts & Mortgage Finance
  • Exchange: NYSE
  • Symbol: OCN
  • CUSIP: 67574630
Key Metrics:
  • Previous Close: $5.54
  • 50 Day Moving Average: $5.34
  • 200 Day Moving Average: $4.39
  • 52-Week Range: $1.29 - $6.41
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -12.04
  • P/E Growth: -1.07
  • Market Cap: $686.90M
  • Outstanding Shares: 123,989,000
  • Beta: 1.34
Profitability:
  • Net Margins: -29.01%
  • Return on Equity: -25.54%
  • Return on Assets: -2.49%
Debt:
  • Debt-to-Equity Ratio: 7.29%
  • Current Ratio: 3.09%
  • Quick Ratio: 3.09%
Additional Links:
Companies Related to Ocwen Financial Corporation:

Analyst Ratings

Consensus Ratings for Ocwen Financial Corporation (NYSE:OCN) (?)
Ratings Breakdown: 2 Sell Ratings, 5 Hold Ratings
Consensus Rating:Hold (Score: 1.71)
Consensus Price Target: $2.90 (47.65% downside)

Analysts' Ratings History for Ocwen Financial Corporation (NYSE:OCN)
Show:
DateFirmActionRatingPrice TargetDetails
1/12/2017Compass PointReiterated RatingBuy -> NeutralView Rating Details
10/27/2016CL KingDowngradeBuy -> NeutralView Rating Details
10/25/2016Piper Jaffray CompaniesDowngradeNeutral -> Underweight$2.00View Rating Details
8/2/2016Oppenheimer Holdings, Inc.Reiterated RatingView Rating Details
7/28/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$5.00 -> $3.00View Rating Details
3/29/2016Citigroup Inc.Boost Price TargetNeutral$2.50 -> $3.00View Rating Details
3/3/2016Bank of America CorpReiterated RatingUnderperform$8.00 -> $2.00View Rating Details
8/3/2015Stifel NicolausLower Price TargetMarket Perform$10.00 -> $8.50View Rating Details
7/31/2015Sterne Agee CRTDowngradeBuy -> Neutral$12.00View Rating Details
6/4/2015Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$32.00 -> $35.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Ocwen Financial Corporation (NYSE:OCN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/27/2017        
10/26/2016Q3($0.32)$0.08$353.08 million$359.40 millionViewListenView Earnings Details
7/27/2016Q2($0.43)($0.71)$324.05 million$373.05 millionViewListenView Earnings Details
4/27/2016Q1($0.39)($0.90)$346.28 million$330.76 millionViewListenView Earnings Details
2/29/2016Q4($0.29)($1.79)$367.60 million$362.46 millionViewListenView Earnings Details
10/28/2015Q3($0.35)($0.53)$410.24 million$405.00 millionViewListenView Earnings Details
7/30/2015Q2$0.20$0.08$463.50 million$463.30 millionViewListenView Earnings Details
4/30/2015Q115$0.13$0.27$510.40 millionViewN/AView Earnings Details
4/14/2015$0.35($1.42)ViewN/AView Earnings Details
10/30/2014Q314$0.59$0.58$542.76 million$485.30 millionViewN/AView Earnings Details
7/31/2014Q214$0.79$0.48$553.83 million$553.10 millionViewN/AView Earnings Details
5/1/2014Q114$0.98$0.54$570.58 million$551.30 millionViewN/AView Earnings Details
2/27/2014Q413$0.81$0.74$562.08 million$556.00 millionViewN/AView Earnings Details
10/31/2013Q313$1.10$0.44$591.85 million$531.24 millionViewN/AView Earnings Details
8/1/2013Q2 2013$1.02$0.53$515.88 million$530.00 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.74$0.31$358.00 million$376.10 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.50$0.47$231.28 million$236.40 millionViewN/AView Earnings Details
11/1/2012Q312$0.40$0.37$228.33 million$232.70 millionViewN/AView Earnings Details
8/2/2012$0.32$0.32ViewN/AView Earnings Details
5/3/2012$0.31$0.14ViewN/AView Earnings Details
2/23/2012$0.30$0.08ViewN/AView Earnings Details
8/4/2011$0.28$0.25ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ocwen Financial Corporation (NYSE:OCN)
Current Year EPS Consensus Estimate: $-1.60 EPS
Next Year EPS Consensus Estimate: $-0.46 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.55)($0.55)($0.55)
Q2 20161($0.55)($0.55)($0.55)
Q3 20161($0.46)($0.46)($0.46)
Q4 20161($0.18)($0.18)($0.18)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Ocwen Financial Corporation (NYSE:OCN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Ocwen Financial Corporation (NYSE:OCN)
Insider Ownership Percentage: 5.17%
Institutional Ownership Percentage: 53.65%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/29/2016Kingstown Capital Partners, LlInsiderSell250,000$2.26$565,000.00View SEC Filing  
3/28/2016Richard Basil GordonDirectorBuy1,000$0.26$260.00
3/24/2016Richard Basil GordonDirectorBuy1,500$0.25$375.00
3/22/2016Richard Basil GordonDirectorBuy3,000$0.27$810.00
3/21/2016Glenn HolmesDirectorBuy5,000$0.25$1,250.00
3/18/2016Richard Basil GordonDirectorBuy2,000$0.28$560.00
3/16/2016Richard Basil GordonDirectorBuy2,000$0.27$540.00
3/11/2016Otto J KumbarEVPBuy50,000$2.92$146,000.00View SEC Filing  
3/8/2016Otto J KumbarEVPBuy50,000$2.70$135,000.00View SEC Filing  
3/3/2016Arthur C Walker JrSVPBuy10,000$2.27$22,700.00View SEC Filing  
2/19/2016Richard Basil GordonDirectorBuy5,000$0.22$1,100.00
1/21/2016Richard Basil GordonDirectorBuy1,000$0.16$160.00
11/24/2015Timothy M HayesEVPBuy2,000$6.46$12,920.00View SEC Filing  
11/13/2015Ronald M. FarisCEOBuy5,000$6.19$30,950.00View SEC Filing  
9/30/2015Richard Basil GordonDirectorBuy2,000$0.19$380.00
9/25/2015Richard Basil GordonDirectorBuy1,000$0.21$210.00
6/25/2015Glenn HolmesDirectorBuy2,500$0.20$487.50
3/13/2015Glenn HolmesDirectorBuy1,500$0.25$375.00
12/4/2014Richard Basil GordonDirectorBuy3,000$0.26$780.00
11/6/2014Richard Basil GordonDirectorBuy2,000$0.35$700.00
7/14/2014Wilbur L Ross JrDirectorSell1,950,296$37.00$72,160,952.00View SEC Filing  
11/21/2013Barry WishDirectorSell250,000$53.53$13,382,500.00View SEC Filing  
11/18/2013Timothy HayesEVPBuy1,000$52.44$52,440.00View SEC Filing  
9/23/2013Wilbur Ross, Jr.DirectorSell3,145,640$50.19$157,879,671.60View SEC Filing  
8/22/2013Nikhil MalikCFOSell7,500$50.49$378,675.00View SEC Filing  
8/7/2013Barry WishDirectorSell300,000$50.29$15,087,000.00View SEC Filing  
6/11/2013Ronald J KornDirectorSell2,000$45.00$90,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Ocwen Financial Corporation (NYSE:OCN)
DateHeadline
News IconBUZZ-Ocwen Financial: Settles California mortgage loan servicing investigation (NYSE:OCN)
timesofindia.indiatimes.com - February 21 at 5:53 PM
streetinsider.com logoOcwen Financial (OCN) Announces Settlement With California Department of Business Oversight (NYSE:OCN)
www.streetinsider.com - February 21 at 5:53 PM
4-traders.com logoOcwen Financial : Enters Into Comprehensive Settlement With California Department of Business Oversight (NYSE:OCN)
www.4-traders.com - February 20 at 9:43 AM
zacks.com logoOcwen Reaches $225M Accord over Loan Servicing Practices (NYSE:OCN)
www.zacks.com - February 20 at 9:43 AM
News IconOcwen Financial Corporation (OCN): Analyst Rating Changes and PT Levels - Post Analyst (NYSE:OCN)
postanalyst.com - February 20 at 9:43 AM
News IconOcwen Financial Corporation (OCN): A Detailed Look at its Institutional Ownership - Post Analyst (NYSE:OCN)
postanalyst.com - February 19 at 9:36 AM
bizjournals.com logoMortgage loan servicer to pay $225M in California settlement (NYSE:OCN)
www.bizjournals.com - February 18 at 6:09 PM
News IconAnalyst Research and Recommendations: Ocwen Financial Corporation (OCN), Newmont Mining Corporation (NEM) (NYSE:OCN)
mundoaguaysaneamiento.net - February 18 at 11:49 AM
News IconOcwen Financial Corporation (NYSE:OCN) Earns 3 Analysts Hold Rating (NYSE:OCN)
xboxonezone.com - February 18 at 11:49 AM
reuters.com logoOcwen in settlement with California regulator over loan servicing - Reuters (NYSE:OCN)
www.reuters.com - February 18 at 11:49 AM
sg.finance.yahoo.com logoMortgage service firm OKs $225 million California settlement (NYSE:OCN)
sg.finance.yahoo.com - February 18 at 11:49 AM
finance.yahoo.com logoOcwen Enters Into Comprehensive Settlement With California Department of Business Oversight (NYSE:OCN)
finance.yahoo.com - February 18 at 11:49 AM
finance.yahoo.com logoOcwen in settlement with California regulator over loan servicing (NYSE:OCN)
finance.yahoo.com - February 18 at 11:49 AM
News IconWatching the Charts on Ocwen Financial Corp. (OCN) - Benton Bulletin (NYSE:OCN)
bentonbulletin.com - February 17 at 4:39 PM
News IconEPS Growth Watchlist: Ocwen Financial Corp. (NYSE:OCN) - The Oracle Examiner (NYSE:OCN)
oracleexaminer.com - February 17 at 8:19 AM
News IconImpact Score Of Ocwen Financial Corporation (NYSE:OCN) At 50 - Stock Observer (NYSE:OCN)
www.thestockobserver.com - February 16 at 11:34 PM
News IconIs The Sell-Side Predicting That Ocwen Financial Corporation (NYSE:OCN) Will Move Higher? - Winfield Review (NYSE:OCN)
winfieldreview.com - February 16 at 6:33 PM
News IconIs The Sell-Side Predicting That Ocwen Financial Corporation (NYSE:OCN) Will Move Higher? - Winfield Review (NYSE:OCN)
winfieldreview.com - February 16 at 6:33 PM
News IconShares Dipping Lower Late Session: Ocwen Financial Corporation (NYSE:OCN) - Aiken Advocate (NYSE:OCN)
aikenadvocate.com - February 16 at 6:33 PM
News IconShares Dipping Lower Late Session: Ocwen Financial Corporation (NYSE:OCN) - Aiken Advocate (NYSE:OCN)
aikenadvocate.com - February 16 at 6:33 PM
News IconEquity Insight: Indicator Review for Ocwen Financial Corp. (OCN) - BVN (NYSE:OCN)
bvnewsjournal.com - February 16 at 6:33 PM
globenewswire.com logoOcwen Financial Corporation Schedules Conference Call - 4th Quarter/Year End 2016 Results - GlobeNewswire (press release) (NYSE:OCN)
globenewswire.com - February 16 at 6:33 PM
feeds.benzinga.com logoOcwen Financial Corporation Schedules Conference Call - 4th Quarter/Year End 2016 Results (NYSE:OCN)
feeds.benzinga.com - February 16 at 8:14 AM
News Icon60 hedge funds sold their entire positions in Ocwen Financial Corporation (OCN) - Post Analyst (NYSE:OCN)
postanalyst.com - February 15 at 3:19 AM
News IconStock Momentum in Focus on Shares of Ocwen Financial Corp. (OCN) - BVN (NYSE:OCN)
bvnewsjournal.com - February 14 at 10:18 PM
realistinvestor.com logoOcwen Financial Corporation (NYSE:OCN) EPS Projection At $-0.18 - RealistInvestor.com (NYSE:OCN)
www.realistinvestor.com - February 14 at 10:18 PM
News IconAre Analysts Optimistic About Where Ocwen Financial Corporation (NYSE:OCN) is Heading? - Winfield Review (NYSE:OCN)
winfieldreview.com - February 14 at 10:18 PM
News IconOcwen Financial Corporation (NYSE:OCN) News Impact Score At 50 - Stock Observer (NYSE:OCN)
www.thestockobserver.com - February 14 at 10:18 PM
News IconA Technical Look At 2 Stocks: Ocwen Financial Corporation (OCN ... - Post Analyst (NYSE:OCN)
postanalyst.com - February 11 at 12:59 AM
News IconOcwen Financial Corp. (NYSE:OCN) shows weekly volitility of 3.26% - The Newburgh Press (NYSE:OCN)
newburghpress.com - February 8 at 1:07 AM
News IconGrowth Analysis of Ocwen Financial Corporation (NYSE:OCN) - The Newburgh Press (NYSE:OCN)
newburghpress.com - February 4 at 5:49 AM
bizjournals.com logoMortgage Investment Stocks Under Scanner -- Ally Financial, Ocwen Financial, Santander Consumer USA, and Essent (NYSE:OCN)
www.bizjournals.com - February 3 at 7:48 PM
News IconLatest Analysts Score of Stock: Ocwen Financial Corp. (NYSE:OCN) (NYSE:OCN)
diy-home-garden.com - February 1 at 6:14 AM
News IconBurning Stock on the move: Ocwen Financial Corp. (NYSE:OCN) (NYSE:OCN)
mlbinjurynews.com - February 1 at 6:14 AM
istreetwire.com logoMomentum Stocks: Amicus Therapeutics, Inc. (FOLD), Ocwen Financial Corporation (OCN), Waddell & Reed Financial ... - iStreetWire (NYSE:OCN)
istreetwire.com - January 31 at 7:58 PM
News IconAnalysts Take: Ocwen Financial Corporation (NYSE:OCN) Projected Earnings & Price Targets - Aiken Advocate (NYSE:OCN)
aikenadvocate.com - January 31 at 8:01 AM
News IconOcwen Financial Corporation (OCN) Stock Price Increases 8.78% (NYSE:OCN)
mundoaguaysaneamiento.net - January 31 at 12:43 AM
News IconWill Ocwen Financial Corp (OCN) Short Squeeze Soon? The Stock Formed a Double Top (NYSE:OCN)
randolphguide.com - January 31 at 12:43 AM
News IconShares of Ocwen Financial Corporation (OCN) Sees Large Outflow of Money - Highland Mirror (NYSE:OCN)
www.highlandmirror.com - January 30 at 8:48 AM
capitalcube.com logoOcwen Financial Corp. breached its 50 day moving average in a Bullish Manner : OCN-US : January 30, 2017 (NYSE:OCN)
www.capitalcube.com - January 30 at 8:48 AM
News IconBullish Target Of Ocwen Financial Corporation (NYSE:OCN) At $3 ... - Stock Observer (NYSE:OCN)
www.thestockobserver.com - January 29 at 7:28 PM
News IconShares to Watch: Indicator Update on Ocwen Financial Corp. (OCN) - Rives Journal (NYSE:OCN)
rivesjournal.com - January 28 at 7:06 PM
News IconDrilling Down Into the Charts for Ocwen Financial Corporation (OCN) - The USA Commerce (NYSE:OCN)
theusacommerce.com - January 28 at 5:25 AM
marketnewsvideo.com logoNotable Thursday Option Activity: ADS, CRR, OCN (NYSE:OCN)
www.marketnewsvideo.com - January 26 at 11:58 PM
News IconOcwen Financial Corporation (NYSE:OCN) closed with a change of ... - The Newburgh Press (NYSE:OCN)
newburghpress.com - January 25 at 5:47 AM
News IconEarnings in Full Force, Analysts Take Aim at Ocwen Financial Corporation (NYSE:OCN) - Wall Street Beacon (NYSE:OCN)
wsbeacon.com - January 23 at 9:44 AM
News IconOcwen Financial Corporation (NYSE:OCN) Rating Fixed At 3.5 - Stock Observer (NYSE:OCN)
www.thestockobserver.com - January 22 at 6:47 PM
News IconMA Levels in Review for Ocwen Financial Corp. (OCN) - Rives Journal (NYSE:OCN)
rivesjournal.com - January 21 at 12:50 AM
News IconTechnical Watch on These Shares: Ocwen Financial Corp. (OCN) - Rives Journal (NYSE:OCN)
rivesjournal.com - January 19 at 12:34 AM
News IconShooting From the Hip, Stock Reaches Most Volatile List: Ocwen Financial Corporation (NYSE:OCN) - Wall Street Beacon (NYSE:OCN)
wsbeacon.com - January 19 at 12:34 AM

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What is Ocwen Financial Corporation's stock symbol?

Ocwen Financial Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."

Where is Ocwen Financial Corporation's stock going? Where will Ocwen Financial Corporation's stock price be in 2017?

7 brokerages have issued 1 year price targets for Ocwen Financial Corporation's stock. Their forecasts range from $2.00 to $4.50. On average, they expect Ocwen Financial Corporation's share price to reach $2.90 in the next year.

When will Ocwen Financial Corporation announce their earnings?

Ocwen Financial Corporation is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.

What are analysts saying about Ocwen Financial Corporation stock?

Here are some recent quotes from research analysts about Ocwen Financial Corporation stock:

  • According to Zacks Investment Research, "Ocwen's shares have outperformed the Zacks categorized Mortgage & Real Estate Services industry over the last six months. Further, the company’s third-quarter 2016 earnings improvement promises a gradual recovery in the near-term. The company has been trying to diversify its revenue sources, shedding mortgage-servicing rights portfolios and trimming workforce. These efforts are expected to boost the company’s profitability over the long run. Nonetheless, escalating expenses remain a major concern for the company, which is likely to hurt profitability in the near term. Moreover, we remain apprehensive about the impact of endless regulatory probes into the company’s financials." (12/28/2016)

  • Oppenheimer Holdings, Inc. analysts commented, "OCN reported another tough quarter. Unfortunately, the story is just taking more time than many had hoped, with 2016 remaining another big transition year. We now don’t expect a return to profitability until sometime in 2017. The problem is that the core business has a longer than expected lag on expenses coming down despite the revenues already taking a hit. At the same time, the organic growth initiatives are going to lead to expenses ramping up before revenues fully come on board. Thus, it’s a recipe for high expenses with revenues under pressure." (3/1/2016)

Who owns Ocwen Financial Corporation stock?

Ocwen Financial Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Thompson Siegel & Walmsley LLC (1.58%), State Street Corp (1.48%), Bogle Investment Management L P DE (1.36%), FMR LLC (0.86%), Renaissance Technologies LLC (0.67%) and Federated Investors Inc. PA (0.51%). Company insiders that own Ocwen Financial Corporation stock include Arthur C Walker Jr, Glenn Holmes, Kingstown Capital Partners, Ll, Otto J Kumbar, Richard Basil Gordon, Ronald M Faris and Timothy M Hayes.

Who sold Ocwen Financial Corporation stock? Who is selling Ocwen Financial Corporation stock?

Ocwen Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Horizon Kinetics LLC and Renaissance Technologies LLC.

Who bought Ocwen Financial Corporation stock? Who is buying Ocwen Financial Corporation stock?

Ocwen Financial Corporation's stock was bought by a variety of institutional investors in the last quarter, including Bogle Investment Management L P DE, FMR LLC, Robertson Opportunity Capital LLC, GSA Capital Partners LLP, State Street Corp, Russell Investments Group Ltd., Dimensional Fund Advisors LP and Federated Investors Inc. PA. Company insiders that have bought Ocwen Financial Corporation stock in the last two years include Arthur C Walker Jr, Glenn Holmes, Otto J Kumbar, Richard Basil Gordon, Ronald M Faris and Timothy M Hayes.

How do I buy Ocwen Financial Corporation stock?

Shares of Ocwen Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ocwen Financial Corporation stock cost?

One share of Ocwen Financial Corporation stock can currently be purchased for approximately $5.54.

Ocwen Financial Corporation (NYSE:OCN) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for Ocwen Financial Corporation (NYSE:OCN)

Dividend History Chart

Dividend Payments by Quarter for Ocwen Financial Corporation (NYSE:OCN)

Last Updated on 2/22/2017 by MarketBeat.com Staff