Mortgage Investment Stocks Under Scanner -- Ally Financial, Ocwen Financial, Santander Consumer USA, and Nationstar Mortgage
NEW YORK, August 1, 2016 /PRNewswire/ --
This morning, Stock-Callers.com assesses the U.S. Mortgage Investment industry as experts anticipates both mortgage rates and home prices to rise with a fresh interest rate hike from the Fed, stronger U.S. gross domestic product growth and a moderately stronger jobs market. Positive improvements are expected for the housing market as it slowly recovers this year. In light of this, investors can expect opportunities ahead. Let us see how the following stocks have fared lately: Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Nationstar Mortgage Holdings Inc. (NYSE: NSM). You can access of our complimentary research reports on these mortgage investment stocks now at:
http://stock-callers.com/registration
Ally Financial
Last Friday, shares in Detroit, Michigan-based Ally Financial Inc. ended the session 0.89% higher at $18.04. The stock recorded a trading volume of 3.71 million shares. The Company's shares have advanced 13.17% in the last month and 1.29% in the previous three months. The stock is trading 5.98% above its 50-day moving average and 0.67% above its 200-day moving average. Moreover, shares of Ally Financial, which provides a range of financial products and services primarily to automotive dealers and their retail customers in the U.S., have a Relative Strength Index (RSI) of 60.44.
On July 19th, 2016, the board of directors of Ally Financial declared a quarterly cash dividend of $0.08 per share of the company's common stock, payable on August 15th, 2016, to shareholders of record at the close of business on August 01st, 2016. Additionally, the board authorized a common stock repurchase program of up to $700 million beginning in Q3 of 2016. Visit us today and download your complete report on ALLY for free at:
http://stock-callers.com/registration/?symbol=ALLY
Ocwen Financial
West Palm Beach, Florida headquartered Ocwen Financial Corp.'s stock jumped 10.50%, to close the day at $2.00. A total volume of 3.91 million shares was traded, which was above their three months average volume of 2.41 million shares. The Company's shares have advanced 25.79% in the past month and are trading 14.30% above their 50-day moving average. Additionally, shares of Ocwen Financial, which engages in servicing and origination of mortgage loans in the U.S., have an RSI of 63.09.
On July 27th, 2016, Ocwen Financial reported a net loss of $87.2 million, or $0.71 loss per share, for Q2 FY16. The company reported that Pre-tax loss for Q2 FY16 was $96.4 million, which reflects a $5.7 million improvement from Q1 FY16. The Lending segment recorded a $7.5 million pre-tax gain for Q2 FY16, a $5.5 million improvement from Q1 FY16. The new Automotive Capital Services business continued to make progress, increasing loans outstanding by $8.6 million, or 110% in Q2 FY16. The complimentary research report on OCN can be accessed at:
http://stock-callers.com/registration/?symbol=OCN
Santander Consumer USA Holdings
Shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. recorded a trading volume of 4.14 million shares at the close of the last trading session, which was above their three months average volume of 1.91 million shares. The stock ended the day 3.60% lower at $10.99. The Company's shares have advanced 4.67% in the last one month. The stock is trading below its 50-day moving average by 3.30%. Furthermore, shares of Santander Consumer USA Holdings, which provides vehicle finance and third-party servicing in the U.S., have an RSI of 44.29.
On July 25th, 2016, Santander Consumer USA Holdings announced that it will delay the release of its Q2 2016 financial results, previously scheduled for July 27th, 2016, because its financial statements for the quarter have not yet been completed.
On July 26th, 2016, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight'. The research firm also revised downwards its target price from previous $15 per share to $10 per share. Register for free on Stock-Callers.com and download the PDF Research Report on SC at:
http://stock-callers.com/registration/?symbol=SC
Nationstar Mortgage Holdings
Coppell, Texas headquartered Nationstar Mortgage Holdings Inc.'s shares finished Friday's session 1.53% higher at $12.63. A total volume of 1.22 million shares was traded, which was above their three months average volume of 631,000 shares. The stock has advanced 12.57% in the last one month and 8.97% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 5.73% and 7.37%, respectively. Furthermore, shares of Nationstar Mortgage Holdings, which provides servicing, origination, and transaction based services primarily to single-family residences in the U.S., have an RSI of 63.46.
On June 15th, 2016, Nationstar Mortgage Holdings was selected by Seneca Mortgage Servicing LLC as the subservicer for existing and future acquisitions of mortgage servicing rights held by Seneca. Along with the subservicing, Nationstar will expand its presence in the northeast as the Company assumes Seneca's existing site, including many highly skilled team members involved in the servicing of the existing portfolio. Get free access to your research report on NSM at:
http://stock-callers.com/registration/?symbol=NSM
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article