Ocwen Financial Corporation (NYSE:OCN) shares were up 2.5% during trading on Monday . The company traded as high as $2.08 and last traded at $2.05, with a volume of 1,513,780 shares trading hands. The stock had previously closed at $2.00.

Several brokerages have recently issued reports on OCN. Oppenheimer Holdings Inc. restated a “” rating on shares of Ocwen Financial Corporation in a report on Tuesday. Zacks Investment Research upgraded shares of Ocwen Financial Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Piper Jaffray Cos. restated a “hold” rating and issued a $2.50 target price (down previously from $4.00) on shares of Ocwen Financial Corporation in a report on Thursday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of Ocwen Financial Corporation from $5.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, July 28th. Finally, Compass Point cut their target price on shares of Ocwen Financial Corporation from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, April 28th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.57.

The stock’s market capitalization is $249.21 million. The company’s 50-day moving average is $1.70 and its 200 day moving average is $2.79.

Ocwen Financial Corporation (NYSE:OCN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.28. The firm earned $373.05 million during the quarter, compared to analyst estimates of $324.05 million. During the same quarter last year, the business earned $0.08 earnings per share. Ocwen Financial Corporation’s quarterly revenue was down 19.5% on a year-over-year basis. On average, equities research analysts forecast that Ocwen Financial Corporation will post ($2.16) EPS for the current fiscal year.

Other institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Ocwen Financial Corporation by 4.0% in the fourth quarter. Rhumbline Advisers now owns 155,775 shares of the company’s stock valued at $1,086,000 after buying an additional 5,930 shares in the last quarter. California State Teachers Retirement System increased its position in Ocwen Financial Corporation by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 199,120 shares of the company’s stock valued at $1,388,000 after buying an additional 3,606 shares in the last quarter. Nationwide Fund Advisors increased its position in Ocwen Financial Corporation by 12.5% in the fourth quarter. Nationwide Fund Advisors now owns 356,363 shares of the company’s stock valued at $2,484,000 after buying an additional 39,477 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Ocwen Financial Corporation by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 441,100 shares of the company’s stock valued at $3,074,000 after buying an additional 41,300 shares in the last quarter.

Ocwen 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.

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