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

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Corebridge Financial Inc. acquired a new position in Onity Group during the fourth quarter worth approximately $98,000. New York State Common Retirement Fund bought a new stake in shares of Onity Group during the fourth quarter worth approximately $100,000. Wells Fargo & Company MN acquired a new position in shares of Onity Group in the fourth quarter valued at approximately $116,000. SBI Securities Co. Ltd. acquired a new position in shares of Onity Group in the fourth quarter valued at approximately $224,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Onity Group in the fourth quarter valued at approximately $226,000. Institutional investors own 70.16% of the company's stock.

Onity Group Price Performance

Shares of NYSE ONIT traded up $0.01 during mid-day trading on Friday, hitting $38.73. 3,435 shares of the stock traded hands, compared to its average volume of 36,212. The company has a market cap of $310.15 million, a PE ratio of 9.48 and a beta of 1.89. Onity Group has a twelve month low of $22.40 and a twelve month high of $41.27. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46. The firm has a 50 day simple moving average of $32.50 and a two-hundred day simple moving average of $32.45.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ONIT shares. BTIG Research reaffirmed a "buy" rating on shares of Onity Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods boosted their price target on Onity Group from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th.

About Onity Group

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.