6,796 Shares in Onity Group (NYSE:ONIT) Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. purchased a new stake in shares of Onity Group (NYSE:ONIT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,796 shares of the company's stock, valued at approximately $209,000. Ameriprise Financial Inc. owned 0.09% of Onity Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Northern Trust Corp bought a new position in shares of Onity Group in the fourth quarter worth approximately $1,577,000. RBF Capital LLC bought a new position in Onity Group in the 4th quarter worth $3,973,000. Price T Rowe Associates Inc. MD bought a new position in Onity Group in the 4th quarter worth $483,000. Long Focus Capital Management LLC bought a new position in shares of Onity Group in the fourth quarter worth about $20,026,000. Finally, MetLife Investment Management LLC bought a new position in shares of Onity Group in the fourth quarter worth about $117,000. 70.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ONIT shares. BTIG Research restated a "buy" rating on shares of Onity Group in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased 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.

Onity Group Stock Up 0.8%

Shares of ONIT traded up $0.28 during trading hours on Friday, hitting $37.33. The company had a trading volume of 22,326 shares, compared to its average volume of 36,608. The company has a market capitalization of $298.98 million, a PE ratio of 9.13 and a beta of 1.89. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a one year low of $22.40 and a one year high of $41.27. The company's fifty day moving average price is $34.37 and its two-hundred day moving average price is $33.22.

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

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.