18,986 Shares in Onity Group (NYSE:ONIT) Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. bought a new position in shares of Onity Group (NYSE:ONIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,986 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Onity Group in the 4th quarter worth $100,000. SBI Securities Co. Ltd. purchased a new position in Onity Group in the fourth quarter worth $224,000. Rhumbline Advisers bought a new position in Onity Group in the fourth quarter valued at $313,000. JPMorgan Chase & Co. raised its position in Onity Group by 181.5% during the third quarter. JPMorgan Chase & Co. now owns 17,255 shares of the company’s stock valued at $551,000 after purchasing an additional 11,126 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Onity Group in the 4th quarter worth about $851,000. 70.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ONIT has been the topic of a number of research reports. B. Riley raised Onity Group to a “strong-buy” rating in a report on Tuesday, January 7th. BTIG Research upgraded shares of Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, December 9th.

Onity Group Stock Up 3.7 %

Shares of NYSE:ONIT opened at $32.62 on Tuesday. The stock has a market capitalization of $256.81 million, a P/E ratio of 7.98 and a beta of 1.98. The stock’s 50-day moving average price is $33.64 and its 200-day moving average price is $31.79. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a 12-month low of $22.40 and a 12-month high of $41.27.

Onity Group (NYSE:ONIT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.95). The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $253.37 million. Onity Group had a return on equity of 20.50% and a net margin of 3.47%. On average, equities analysts anticipate that Onity Group will post 10.51 earnings per share for the current year.

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.