Nuveen Asset Management LLC Acquires Shares of 13,717 Onity Group (NYSE:ONIT)

Nuveen Asset Management LLC purchased a new stake in Onity Group (NYSE:ONIT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,717 shares of the company's stock, valued at approximately $421,000. Nuveen Asset Management LLC owned about 0.17% of Onity Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Corebridge Financial Inc. acquired a new position in Onity Group during the 4th quarter valued at $98,000. New York State Common Retirement Fund bought a new position in shares of Onity Group during the 4th quarter worth about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Onity Group during the fourth quarter valued at about $115,000. Wells Fargo & Company MN bought a new stake in shares of Onity Group in the fourth quarter valued at about $116,000. Finally, MetLife Investment Management LLC acquired a new stake in Onity Group during the fourth quarter worth about $117,000. 70.16% of the stock is currently owned by institutional investors.

Onity Group Price Performance

Shares of NYSE:ONIT traded up $0.28 during midday trading on Friday, reaching $37.33. 22,326 shares of the company's stock were exchanged, compared to its average volume of 36,608. 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 company's 50 day simple moving average is $34.37 and its two-hundred day simple moving average is $33.24. Onity Group has a 12 month low of $22.40 and a 12 month high of $41.27. The firm has a market capitalization of $298.98 million, a PE ratio of 9.13 and a beta of 1.66.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly 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. The firm 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%. Equities research analysts expect that Onity Group will post 10.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ONIT. 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. BTIG Research restated a "buy" rating on shares of Onity Group in a research report on Monday, May 5th.

Onity Group Company 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.