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Analysts at KBW Kept the Same their Past ‘Hold’ rating on Shares Ocwen Financial (NYSE:OCN), Set a $3.0 Price Target

December 8, 2017 - By Vivian Park

 Analysts at KBW Kept the Same their Past ‘Hold’ rating on Shares Ocwen Financial (NYSE:OCN), Set a $3.0 Price Target

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It is positive, 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.

First Republic Management accumulated 12,500 shares. Pacad Inv owns 157,000 shares for 0.06% of their portfolio. Amalgamated National Bank & Trust holds 13,431 shares. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 26,000 shares. Cqs Cayman L P accumulated 0.31% or 1.70 million shares. Next Financial Gru invested in 1,000 shares. Peak6 Invs Lp owns 106,759 shares for 0% of their portfolio. Prudential Financial Incorporated invested in 11,611 shares or 0% of the stock. Thompson Siegel & Walmsley Ltd Liability invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Omega Advisors reported 0.84% stake. Fincl Architects, a New Jersey-based fund reported 200 shares. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,811 shares for 0% of their portfolio. Putnam Invests Ltd Liability, Massachusetts-based fund reported 7.13M shares. Vanguard Group invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN).

Ocwen Financial (NYSE:OCN) Rating Reaffirmed

In a note issued to clients and investors on Friday morning, The Hold rating of Ocwen Financial (NYSE:OCN) shares was reiterated by KBW, who now has a $3.0 TP on the stock. KBW’s TP suggests a possible downside of -2.60 % from the stock close price of the company.

Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. It is positive, 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.

First Republic Management accumulated 12,500 shares. Pacad Inv owns 157,000 shares for 0.06% of their portfolio. Amalgamated National Bank & Trust holds 13,431 shares. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 26,000 shares. Cqs Cayman L P accumulated 0.31% or 1.70 million shares. Next Financial Gru invested in 1,000 shares. Peak6 Invs Lp owns 106,759 shares for 0% of their portfolio. Prudential Financial Incorporated invested in 11,611 shares or 0% of the stock. Thompson Siegel & Walmsley Ltd Liability invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Omega Advisors reported 0.84% stake. Fincl Architects, a New Jersey-based fund reported 200 shares. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,811 shares for 0% of their portfolio. Putnam Invests Ltd Liability, Massachusetts-based fund reported 7.13M shares. Vanguard Group invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN).

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 stock of Ocwen Financial Corporation (NYSE:OCN) earned “Hold” rating by Vetr on Tuesday, September 8. As per Monday, April 24, the company rating was upgraded by Compass Point. Oppenheimer maintained the stock with “Market Perform” rating in Friday, August 7 report. The stock has “Hold” rating by Wood on Tuesday, April 11. The firm has “Strong-Buy” rating by Vetr given on Friday, August 28. Keefe Bruyette & Woods maintained Ocwen Financial Corporation (NYSE:OCN) on Monday, August 14 with “Hold” rating. Compass Point maintained it with “Neutral” rating and $8.0 target in Thursday, December 3 report. The firm has “Neutral” rating by Piper Jaffray given on Friday, December 11. On Wednesday, September 2 the stock rating was upgraded by Vetr to “Strong-Buy”. As per Tuesday, October 25, the company rating was downgraded by PiperJaffray.

The stock decreased 1.91% or $0.06 during the last trading session, reaching $3.08. About 2.29M 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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