BNP Paribas Financial Markets Takes $384,000 Position in Onity Group (NYSE:ONIT)

BNP Paribas Financial Markets bought a new stake in Onity Group (NYSE:ONIT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,490 shares of the company's stock, valued at approximately $384,000. BNP Paribas Financial Markets owned about 0.16% of Onity Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ONIT. Corebridge Financial Inc. acquired a new position in shares of Onity Group in the 4th quarter valued at about $98,000. New York State Common Retirement Fund acquired a new position in Onity Group during the 4th quarter valued at about $100,000. Wells Fargo & Company MN acquired a new position in Onity Group during the fourth quarter worth about $116,000. MetLife Investment Management LLC purchased a new position in shares of Onity Group in the fourth quarter worth approximately $117,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Onity Group in the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 70.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ONIT. Keefe, Bruyette & Woods upped their price objective on shares of Onity Group from $45.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BTIG Research restated a "buy" rating on shares of Onity Group in a report on Monday, May 5th.

Onity Group Stock Down 1.5%

Onity Group stock traded down $0.56 during mid-day trading on Friday, reaching $37.28. The stock had a trading volume of 799 shares, compared to its average volume of 36,375. The stock's 50-day simple moving average is $33.77 and its 200-day simple moving average is $32.94. Onity Group has a fifty-two week low of $22.40 and a fifty-two week high of $41.27. The company has a debt-to-equity ratio of 20.28, a quick ratio of 26.46 and a current ratio of 26.46. The firm has a market capitalization of $298.58 million, a PE ratio of 9.11 and a beta of 1.89.

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

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.