BNP Paribas Financial Markets Makes New Investment in Onity Group (NYSE:ONIT)

BNP Paribas Financial Markets bought a new stake in Onity Group (NYSE:ONIT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,490 shares of the company’s stock, valued at approximately $384,000. BNP Paribas Financial Markets owned approximately 0.16% of Onity Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new stake in shares of Onity Group in the 4th quarter valued at approximately $209,000. Northern Trust Corp bought a new position in Onity Group in the 4th quarter valued at approximately $1,577,000. RBF Capital LLC acquired a new stake in Onity Group in the fourth quarter valued at approximately $3,973,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Onity Group during the fourth quarter worth $483,000. Finally, Long Focus Capital Management LLC bought a new stake in shares of Onity Group during the fourth quarter worth $20,026,000. Institutional investors own 70.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ONIT. Keefe, Bruyette & Woods increased their target price on Onity Group from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. BTIG Research reiterated a “buy” rating on shares of Onity Group in a report on Monday, May 5th.

Onity Group Stock Performance

Shares of ONIT opened at $36.06 on Monday. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. The firm’s fifty day simple moving average is $33.41 and its two-hundred day simple moving average is $32.78. Onity Group has a 12 month low of $22.40 and a 12 month high of $41.27. The stock has a market capitalization of $288.77 million, a P/E ratio of 8.82 and a beta of 1.89.

Onity Group (NYSE:ONIT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $1.79 by $1.05. The firm had revenue of $249.80 million for 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%. As a group, analysts predict that Onity Group will post 10.51 EPS for the current 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.