JPMorgan Chase & Co. Buys 11,126 Shares of Onity Group (NYSE:ONIT)

JPMorgan Chase & Co. grew its stake in shares of Onity Group (NYSE:ONIT) by 181.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,255 shares of the company’s stock after acquiring an additional 11,126 shares during the quarter. JPMorgan Chase & Co. owned about 0.22% of Onity Group worth $551,000 as of its most recent SEC filing.

Onity Group Price Performance

Shares of ONIT stock opened at $35.61 on Tuesday. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a twelve month low of $22.40 and a twelve month high of $36.91. The company has a market cap of $280.26 million, a P/E ratio of 23.58 and a beta of 1.86. The business has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $29.78.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BTIG Research upgraded Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, December 9th. B. Riley upgraded Onity Group to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their target price on Onity Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

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.