Shares of Ocwen Financial Corporation (NYSE:OCN) rose 8.1% during trading on Monday . The stock traded as high as $2.45 and last traded at $2.41, with a volume of 1,541,283 shares. The stock had previously closed at $2.23.

Several equities analysts have recently issued reports on the company. Compass Point reduced their target price on Ocwen Financial Corporation from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, April 28th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $2.50 target price (down from $4.00) on shares of Ocwen Financial Corporation in a report on Thursday, April 28th. Zacks Investment Research raised Ocwen Financial Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Keefe, Bruyette & Woods reduced their target price on Ocwen Financial Corporation from $5.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Ocwen Financial Corporation in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.93.

The stock’s market capitalization is $345.92 million. The firm’s 50-day moving average is $1.80 and its 200 day moving average is $2.70.

Ocwen Financial Corporation (NYSE:OCN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.28. During the same quarter last year, the firm posted $0.08 earnings per share. The business earned $373.05 million during the quarter, compared to analyst estimates of $324.05 million. The business’s quarterly revenue was down 19.5% on a year-over-year basis. On average, equities research analysts predict that Ocwen Financial Corporation will post ($2.20) EPS for the current year.

Several institutional investors have added to or reduced their stakes in OCN. California Public Employees Retirement System raised 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 during the last quarter. Rhumbline Advisers raised 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 during the last quarter. Finally, California State Teachers Retirement System raised 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 during 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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