Segall Bryant & Hamill LLC Purchases 17,900 Shares of Onity Group Inc. (NYSE:ONIT)

Segall Bryant & Hamill LLC raised its position in Onity Group Inc. (NYSE:ONIT - Free Report) by 42.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,420 shares of the company's stock after buying an additional 17,900 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.77% of Onity Group worth $1,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Onity Group during the fourth quarter worth about $84,000. Corebridge Financial Inc. acquired a new stake in Onity Group during the fourth quarter worth about $98,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Onity Group during the fourth quarter worth about $115,000. Wells Fargo & Company MN acquired a new stake in Onity Group during the fourth quarter worth 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 owned by hedge funds and other institutional investors.

Onity Group Trading Down 2.2%

Shares of NYSE:ONIT traded down $0.84 during mid-day trading on Friday, hitting $36.51. The stock had a trading volume of 26,378 shares, compared to its average volume of 39,241. The company has a debt-to-equity ratio of 25.88, a quick ratio of 33.57 and a current ratio of 33.57. The company has a market cap of $292.45 million, a PE ratio of 12.81 and a beta of 1.65. Onity Group Inc. has a 12-month low of $24.26 and a 12-month high of $41.27. The company's 50 day moving average is $37.72 and its 200-day moving average is $34.50.

Onity Group (NYSE:ONIT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $1.05. The company had revenue of $249.80 million during the quarter, compared to analyst estimates of $244.63 million. Onity Group had a net margin of 2.62% and a return on equity of 22.67%. On average, sell-side analysts predict that Onity Group Inc. will post 10.51 EPS for the current year.

Analysts Set New Price Targets

ONIT has been the subject of several recent analyst reports. B. Riley upped their target price on shares of Onity Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Keefe, Bruyette & Woods boosted their target price on Onity Group from $45.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Onity Group from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BTIG Research reaffirmed a "buy" rating on shares of Onity Group in a research note on Monday, May 5th.

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.