Northern Trust Corp Acquires 59,309 Shares of Ocwen Financial Corp (NYSE:OCN)

Share on StockTwits

Northern Trust Corp increased its holdings in shares of Ocwen Financial Corp (NYSE:OCN) by 3.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,697,554 shares of the financial services provider’s stock after buying an additional 59,309 shares during the quarter. Northern Trust Corp’s holdings in Ocwen Financial were worth $3,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Ocwen Financial by 32.4% during the second quarter. JPMorgan Chase & Co. now owns 37,958 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 9,285 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Ocwen Financial during the first quarter worth $78,000. MetLife Investment Advisors LLC bought a new stake in Ocwen Financial during the first quarter worth $108,000. Bank of Montreal Can lifted its holdings in Ocwen Financial by 19.4% during the second quarter. Bank of Montreal Can now owns 61,387 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 9,971 shares during the period. Finally, KBC Group NV bought a new stake in Ocwen Financial during the second quarter worth $151,000. Institutional investors and hedge funds own 61.81% of the company’s stock.

NYSE:OCN opened at $1.83 on Friday. The company has a debt-to-equity ratio of 18.07, a current ratio of 9.87 and a quick ratio of 9.87. The business has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.83. Ocwen Financial Corp has a 1 year low of $1.20 and a 1 year high of $4.01.

Ocwen Financial (NYSE:OCN) last released its earnings results on Tuesday, August 6th. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.31). Ocwen Financial had a negative return on equity of 35.88% and a negative net margin of 15.76%. The firm had revenue of $274.34 million during the quarter, compared to analysts’ expectations of $288.00 million. During the same period in the prior year, the business earned ($0.22) earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year.

In other news, Director Kevin Stein bought 30,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $1.53 per share, with a total value of $45,900.00. Following the completion of the transaction, the director now directly owns 74,278 shares of the company’s stock, valued at approximately $113,645.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jenne K. Britell bought 31,600 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $1.59 per share, with a total value of $50,244.00. Following the completion of the transaction, the director now directly owns 74,278 shares of the company’s stock, valued at $118,102.02. The disclosure for this purchase can be found here. Insiders acquired 515,618 shares of company stock valued at $778,761 over the last three months. Company insiders own 0.90% of the company’s stock.

Separately, ValuEngine raised Ocwen Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Ocwen Financial Company 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.

Read More: Retained Earnings

Want to see what other hedge funds are holding OCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ocwen Financial Corp (NYSE:OCN).

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

Receive News & Ratings for Ocwen Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocwen Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Northern Trust Corp Invests $3.45 Million in Parsons Corp
Northern Trust Corp Invests $3.45 Million in Parsons Corp
Northern Trust Corp Acquires 59,309 Shares of Ocwen Financial Corp
Northern Trust Corp Acquires 59,309 Shares of Ocwen Financial Corp
Renaissance Technologies LLC Boosts Holdings in 1347 Property Insurance Holdings Inc
Renaissance Technologies LLC Boosts Holdings in 1347 Property Insurance Holdings Inc
Renaissance Technologies LLC Makes New Investment in Intec Pharma Ltd
Renaissance Technologies LLC Makes New Investment in Intec Pharma Ltd
Renaissance Technologies LLC Has $635,000 Position in Ashford Inc
Renaissance Technologies LLC Has $635,000 Position in Ashford Inc
Vanguard Group Inc. Buys 146,060 Shares of Newpark Resources Inc
Vanguard Group Inc. Buys 146,060 Shares of Newpark Resources Inc


© 2006-2019 Ticker Report