ONIT
Onity Group Inc.ONIT
ONIT
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
102% more call options, than puts
Call options by funds: $620K | Put options by funds: $307K
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
34% more capital invested
Capital invested by funds: $94.5M [Q2] → $127M (+$32.5M) [Q3]
19% more funds holding
Funds holding: 63 [Q2] → 75 (+12) [Q3]
0.21% more ownership
Funds ownership: 50.47% [Q2] → 50.67% (+0.21%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$45
48%
upside
Avg. target
$45
48%
upside
High target
$45
48%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Bose George 63% 1-year accuracy 22 / 35 met price target | 48%upside $45 | Outperform Maintained | 12 Nov 2024 |
Financial journalist opinion
Based on 3 articles about ONIT published over the past 30 days
Neutral
Business Wire
1 week ago
PHH Mortgage Partners with Blend to Revolutionize Home Lending Operations
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE: ONIT) and one of the largest servicers in the country, to bring a new level of efficiency and simplicity to PHH's home lending operations. By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend's Mortgage Suite is e.
Neutral
GlobeNewsWire
2 weeks ago
Onity Group Names Valerie Haertel Vice President of Investor Relations
WEST PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that Valerie Haertel has joined the Company as Vice President, Investor Relations. Ms. Haertel will report to Sean O'Neil, Executive Vice President and Chief Financial Officer of Onity.
Neutral
GlobeNewsWire
2 weeks ago
Onity Group Announces Closing of MSR Asset Vehicle Sale to Oaktree
WEST PALM BEACH, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it has completed the previously announced transaction with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to sell the Company's 15% interest in MSR Asset Vehicle LLC (“MAV”) to Oaktree for total cash proceeds of $49.5 million.
Positive
Zacks Investment Research
1 month ago
Despite Fast-paced Momentum, Onity (ONIT) 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.
Neutral
Zacks Investment Research
1 month ago
Zacks Industry Outlook PennyMac Financial, Lending Tree and Onity Group
PennyMac Financial, Lending Tree and Onity Group have been highlighted in this Screen of The Week article.
Positive
Zacks Investment Research
1 month ago
3 Stocks to Buy From Prospering Mortgage & Related Services Industry
Declining mortgage rates and interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Industry players like PFSI, TREE and ONIT are poised to flourish.
Neutral
GlobeNewsWire
1 month ago
Onity Group Announces Closing of $500 Million of Senior Notes Due 2029
Enhances Capital Structure to Support Continued Growth and Profitability Enhances Capital Structure to Support Continued Growth and Profitability
Neutral
Seeking Alpha
1 month ago
Onity Group Inc. (ONIT) Q3 2024 Earnings Call Transcript
Onity Group Inc. (NYSE:ONIT ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Dico Akseraylian - Senior Vice President, Corporate Communications Glen Messina - Chairman, President & Chief Executive Officer Sean O'Neil - Chief Financial Officer Conference Call Participants Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Matthew Howlett - B. Riley Operator Good day, everyone and welcome to this Onity Group's Third Quarter Earnings and Business Update Conference Call.
Positive
Zacks Investment Research
1 month ago
Onity Group (ONIT) Q3 Earnings and Revenues Top Estimates
Onity Group (ONIT) came out with quarterly earnings of $4.33 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.24 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Onity Group Announces Third Quarter 2024 Results
WEST PALM BEACH, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its third quarter 2024 results and provided a business update.
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