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Onity Group (NYSE:ONIT) Shares Bought by JPMorgan Chase & Co.

Onity Group logo with Finance background

JPMorgan Chase & Co. boosted its position in Onity Group (NYSE:ONIT - Free Report) by 181.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,255 shares of the company's stock after buying an additional 11,126 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Onity Group worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Onity Group Price Performance

Onity Group stock traded up $0.05 during midday trading on Friday, reaching $35.98. The company had a trading volume of 20,573 shares, compared to its average volume of 42,525. Onity Group has a 12-month low of $22.40 and a 12-month high of $36.91. The firm's fifty day simple moving average is $32.14 and its 200-day simple moving average is $30.01. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46. The company has a market capitalization of $283.16 million, a P/E ratio of 23.83 and a beta of 1.86.

Analysts Set New Price Targets

Several research firms have recently issued reports on ONIT. Keefe, Bruyette & Woods increased their target price on shares of Onity Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. B. Riley upgraded Onity Group to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, BTIG Research raised Onity Group from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Monday, December 9th.

Get Our Latest Research Report on Onity Group

About Onity Group

(Free Report)

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.

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