Genesis Asset Managers Llp Decreased By $13.31 Million Its First Cash Financial Services (FCFS) Stake; 1 Analysts Bullish Ocwen Financial (OCN)

January 17, 2018 - By Evgen Dobrzhanskiy

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Piper Jaffray given on Tuesday, October 25. On Wednesday, August 26 the stock rating was upgraded by Compass Point to “Neutral”. The rating was downgraded by Vetr on Tuesday, September 8 to “Hold”. The firm earned “Neutral” rating on Friday, December 11 by Piper Jaffray. The rating was downgraded by Sterne Agee CRT to “Neutral” on Friday, July 31. The firm has “Underperform” rating given on Monday, August 3 by Bank of America. The rating was upgraded by Vetr to “Strong-Buy” on Wednesday, September 2. Wood maintained Ocwen Financial Corporation (NYSE:OCN) on Tuesday, April 11 with “Hold” rating. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Buy” rating by Compass Point on Monday, April 24. The stock has “Hold” rating by Piper Jaffray on Monday, July 24. See Ocwen Financial Corporation (NYSE:OCN) latest ratings:

06/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $3.0 Maintain
14/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $3.0 Maintain
24/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $2.5000 Maintain

Genesis Asset Managers Llp decreased First Cash Financial Services (FCFS) stake by 10.18% reported in 2017Q3 SEC filing. Genesis Asset Managers Llp sold 211,300 shares as First Cash Financial Services (FCFS)’s stock rose 23.31%. The Genesis Asset Managers Llp holds 1.86M shares with $117.68M value, down from 2.07 million last quarter. First Cash Financial Services now has $3.33B valuation. The stock increased 0.28% or $0.2 during the last trading session, reaching $70.65. About 214,737 shares traded. FirstCash, Inc. (NASDAQ:FCFS) has risen 22.27% since January 17, 2017 and is uptrending. It has outperformed by 5.57% the S&P500.

The stock decreased 0.66% or $0.02 during the last trading session, reaching $3.03. About 1.26 million shares traded. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since January 17, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.34, from 1.18 in 2017Q2. It is negative, as 23 investors sold Ocwen Financial Corporation shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). 127,734 are owned by Horizon Kinetics Limited Liability. Morgan Stanley owns 294,797 shares or 0% of their US portfolio. Bancorp Of New York Mellon Corp accumulated 485,776 shares or 0% of the stock. Wells Fargo Mn owns 117,498 shares for 0% of their portfolio. Bank Of America De holds 0% or 41,955 shares in its portfolio. Bnp Paribas Arbitrage holds 0% or 24,653 shares in its portfolio. Renaissance Tech Lc owns 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 698,115 shares. Schwab Charles Inv Mgmt has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 1.29M shares. 25,090 are held by Commercial Bank Of Montreal Can. Great West Life Assurance Company Can reported 8,800 shares or 0% of all its holdings. Bridgeway Management invested 0.05% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Legal And General Grp Public Ltd reported 29,675 shares. Putnam Investments Ltd Liability Corp reported 7.13M shares. Citigroup Incorporated owns 108,014 shares for 0% of their portfolio.

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 $396.50 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.

Investors sentiment decreased to 0 in Q3 2017. Its down 2.00, from 2 in 2017Q2. It dropped, as 1 investors sold FCFS shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 1.88 million shares or 34.99% less from 2.89 million shares in 2017Q2 were reported. Genesis Asset Managers Ltd Liability Partnership, a United Kingdom-based fund reported 1.86M shares. 10,430 were accumulated by Pub Employees Retirement Association Of Colorado. Burney Co invested 0.03% of its portfolio in FirstCash, Inc. (NYSE:FCFS). Gemmer Asset Mngmt Llc reported 0.01% in FirstCash, Inc. (NYSE:FCFS).

Among 11 analysts covering First Cash Financial (NASDAQ:FCFS), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. First Cash Financial had 27 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Wedbush with “Buy” on Monday, January 8. The firm earned “Market Perform” rating on Wednesday, August 26 by JMP Securities. Jefferies maintained FirstCash, Inc. (NYSE:FCFS) on Wednesday, January 10 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Tuesday, October 10. The firm earned “Outperform” rating on Tuesday, October 11 by Wedbush. Janney Capital downgraded FirstCash, Inc. (NYSE:FCFS) on Monday, July 17 to “Neutral” rating. Sterne Agee CRT upgraded FirstCash, Inc. (NYSE:FCFS) on Thursday, January 7 to “Buy” rating. The stock of FirstCash, Inc. (NYSE:FCFS) has “Hold” rating given on Thursday, April 7 by Jefferies. The firm earned “Buy” rating on Friday, September 22 by Jefferies. Jefferies maintained FirstCash, Inc. (NYSE:FCFS) rating on Thursday, August 17. Jefferies has “Buy” rating and $69.0 target.

Analysts await FirstCash, Inc. (NYSE:FCFS) to report earnings on February, 1. They expect $0.84 earnings per share, up 9.09% or $0.07 from last year’s $0.77 per share. FCFS’s profit will be $39.64M for 21.03 P/E if the $0.84 EPS becomes a reality. After $0.61 actual earnings per share reported by FirstCash, Inc. for the previous quarter, Wall Street now forecasts 37.70% EPS growth.

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