ONIT

Onity Group Inc.
ONIT

$28.01

0.72%

Market Cap: $220M

About: Onity Group Inc is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.

Employees: 4,300

Financials Mortgage Bankers & Loan Correspondents

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

726% more call options, than puts

Call options by funds: $7.31M | Put options by funds: $885K

50.36% more ownership

Funds ownership: 0% [Q1] → 50.36% (+50.36%) [Q2]

15% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

3% less funds holding

Funds holding: 65 [Q1] → 63 (-2) [Q2]

12% less capital invested

Capital invested by funds: $107M [Q1] → $94.3M (-$13M) [Q2]

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$33

18%

upside

Avg. target

$34

21%

upside

High target

$35

25%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target	25%upside $35	Outperform Maintained	6 Aug 2024
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target	18%upside $33	Outperform Upgraded	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about ONIT published over the past 30 days

Zacks Investment Research

Onity (ONIT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Onity (ONIT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Onity (ONIT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Zacks Investment Research

Top Consumer Loan Stocks to Benefit from Rate Cuts

With the federal funds' interest rate expected to be cut by at least 0.25% in September, investors may want to consider several consumer loan stocks that may benefit.

Top Consumer Loan Stocks to Benefit from Rate Cuts

Zacks Investment Research

2 Stocks to Buy in the Thriving Mortgage & Related Services Industry

Declining mortgage rates, improving purchase originations and expected interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Hence, industry players like VEL and ONIT are poised to flourish.

2 Stocks to Buy in the Thriving Mortgage & Related Services Industry

Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets

NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser with a focus on specialized asset oriented markets, announced today that it has entered into a letter of intent with Onity Group Inc. (NYSE: ONIT)("Onity"), a leading non-bank mortgage servicer and originator that Waterfall has long partnered with on reverse mortgage servicing, under which Onity will acquire reverse mortgage assets from Mortgage Assets Management, LLC ("MAM"), a subsidiary of investment funds managed by Waterfall. "This transaction is an exciting development for Waterfall, showcasing our commitment to growing our reverse mortgage initiatives through partnerships with top firms like Onity," said Leo Wong, Partner at Waterfall.

Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets

Onity Group Inc. (ONIT) Q2 2024 Earnings Call Transcript

Onity Group Inc. (NYSE:ONIT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Dico Akseraylian - SVP, Corporate Communications Glen Messina - Chair and CEO Sean O'Neil - CFO Conference Call Participants Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Operator Good day everyone and welcome to this Onity Group's Second Quarter Earnings and Business Update Conference Call. At this time all participants are in a listen-only mode but later you will have the opportunity to ask questions during the question-and-answer session.

Onity Group Inc. (ONIT) Q2 2024 Earnings Call Transcript

Onity Group Announces Second Quarter 2024 Results

WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its second quarter 2024 results and provided a business update.

Onity Group Announces Second Quarter 2024 Results

Onity Group Schedules Conference Call – Second Quarter 2024 Results and Business Update

WEST PALM BEACH, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 1, 2024 at 8:30 a.m. (ET) to review the Company's second quarter 2024 operating results and provide a business update.

Onity Group Schedules Conference Call – Second Quarter 2024 Results and Business Update

Zacks Investment Research

Here Is Why Bargain Hunters Would Love Fast-paced Mover Onity (ONIT)

Onity (ONIT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Onity (ONIT)

Zacks Investment Research

Onity (ONIT) Moves 8.1% Higher: Will This Strength Last?

Onity (ONIT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Onity (ONIT) Moves 8.1% Higher: Will This Strength Last?

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