Barclays PLC Acquires New Position in Onity Group (NYSE:ONIT)

Barclays PLC purchased a new stake in Onity Group (NYSE:ONIT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,090 shares of the company's stock, valued at approximately $310,000. Barclays PLC owned 0.13% of Onity Group at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oaktree Capital Management LP purchased a new stake in Onity Group in the 4th quarter valued at about $12,604,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Onity Group during the 4th quarter worth approximately $4,686,000. Geode Capital Management LLC bought a new position in Onity Group in the 4th quarter worth approximately $4,163,000. Arrowstreet Capital Limited Partnership bought a new position in Onity Group in the 4th quarter worth approximately $2,770,000. Finally, Empowered Funds LLC bought a new position in Onity Group in the 4th quarter worth approximately $1,377,000. 70.16% of the stock is currently owned by institutional investors.

Onity Group Stock Performance

ONIT stock traded up $0.07 during midday trading on Tuesday, reaching $38.76. 38,208 shares of the company's stock traded hands, compared to its average volume of 36,167. The stock's 50-day moving average is $31.99 and its 200 day moving average is $32.29. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. The stock has a market cap of $310.43 million, a P/E ratio of 9.48 and a beta of 1.89. Onity Group has a 52-week low of $22.40 and a 52-week high of $41.27.

Onity Group (NYSE:ONIT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $1.79 by $1.05. The business had revenue of $249.80 million during the quarter, compared to analyst estimates of $244.63 million. Onity Group had a net margin of 3.47% and a return on equity of 20.50%. As a group, analysts anticipate that Onity Group will post 10.51 EPS for the current year.

Wall Street Analysts Forecast Growth

ONIT has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Onity Group from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. BTIG Research reissued a "buy" rating on shares of Onity Group in a report on Monday, May 5th.

Onity Group Profile

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.