ONIT: Onity Group, Inc.
About
Onity Group, Inc. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.
Current Value
$30.571 Year Return
Current Value
$30.571 Year Return
Key Details
Market Cap
$240.15M
P/E Ratio
19.79
1Y Stock Return
14.44%
1Y Revenue Growth
7.58%
Dividend Yield
0.00%
Price to Book
0.5
Strategies that include ONIT
Stock's related to ONIT
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HBNC | 58.54% | $788.62M | +64.30% | 3.57% |
| CAC | 54.01% | $676.24M | +38.60% | 3.63% |
| RLGT | 53.98% | $334.04M | +15.02% | 0.00% |
| IBCP | 53.70% | $779.14M | +73.12% | 2.59% |
| CPF | 53.27% | $832.77M | +76.33% | 3.35% |
| TRST | 53.03% | $691.41M | +34.26% | 3.98% |
| AMTB | 52.92% | $998.39M | +13.94% | 1.53% |
| MBWM | 52.88% | $783.85M | +39.14% | 2.90% |
| LGIH | 52.47% | $2.38B | -15.32% | 0.00% |
| CFFN | 52.15% | $893.32M | +29.42% | 5.07% |
| SNEX | 52.14% | $3.07B | +61.18% | 0.00% |
| EGBN | 51.68% | $861.65M | +20.89% | 5.30% |
| HTBK | 51.00% | $645.52M | +24.17% | 4.92% |
| HAFC | 50.96% | $767.29M | +55.13% | 3.93% |
| OLP | 50.29% | $617.02M | +46.60% | 6.26% |
| OSBC | 49.77% | $818.13M | +25.53% | 1.15% |
| BWB | 49.67% | $406.17M | +41.99% | 0.00% |
| WASH | 49.67% | $628.84M | +39.42% | 5.76% |
| BZH | 49.64% | $1.02B | +22.71% | 0.00% |
| FG | 49.12% | $5.75B | +9.80% | 1.84% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| PGR | -0.01% | $149.10B | +57.29% | 0.45% |
| TPST | -0.04% | $37.75M | -77.59% | 0.00% |
| BACK | -0.05% | $1.76M | -32.90% | 0.00% |
| LITB | 0.15% | $35.48M | -75.45% | 0.00% |
| NNVC | 0.21% | $19.66M | +25.69% | 0.00% |
| IMRN | 0.22% | $10.31M | -5.04% | 0.00% |
| RLMD | 0.54% | $89.92M | +1.36% | 0.00% |
| NEUE | 0.63% | $40.93M | -34.13% | 0.00% |
| EDU | -0.64% | $9.06B | -22.20% | 0.00% |
| SYPR | 0.70% | $32.23M | -26.32% | 0.00% |
| VIRT | -0.71% | $3.17B | +110.38% | 2.60% |
| OCFT | 0.73% | $80.95M | -30.38% | 0.00% |
| MNST | -0.73% | $52.25B | -1.95% | 0.00% |
| CRVO | 0.77% | $83.20M | +2.86% | 0.00% |
| NNE | 0.83% | $833.66M | +531.50% | 0.00% |
| CPB | 0.96% | $12.96B | +7.08% | 3.40% |
| CME | -0.97% | $82.76B | +9.21% | 1.98% |
| CYD | 1.00% | $364.46M | -2.94% | 4.26% |
| BTCT | -1.19% | $42.61M | +353.33% | 0.00% |
| ORKA | 1.21% | $780.47M | +82.82% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MCK | -22.50% | $78.15B | +35.51% | 0.42% |
| VZIO | -16.03% | $2.29B | +67.76% | 0.00% |
| COR | -14.31% | $47.48B | +21.20% | 0.86% |
| CHD | -11.84% | $27.18B | +19.50% | 1.03% |
| PG | -9.76% | $402.15B | +14.14% | 2.33% |
| CBOE | -8.87% | $21.46B | +15.84% | 1.11% |
| APRE | -8.42% | $16.41M | -19.47% | 0.00% |
| SAVA | -6.87% | $1.35B | +25.50% | 0.00% |
| QTTB | -5.58% | $354.34M | +188.64% | 0.00% |
| XBIO | -5.57% | $6.01M | +21.36% | 0.00% |
| NHTC | -5.33% | $61.83M | +0.19% | 14.81% |
| ACHC | -5.27% | $3.45B | -48.91% | 0.00% |
| HUSA | -3.92% | $16.69M | -11.56% | 0.00% |
| CL | -3.43% | $76.48B | +22.25% | 2.12% |
| WM | -3.19% | $87.92B | +27.58% | 1.34% |
| ROOT | -2.94% | $1.53B | +972.93% | 0.00% |
| CAH | -2.92% | $28.64B | +12.14% | 1.70% |
| STG | -2.74% | $35.67M | +7.92% | 0.00% |
| EW | -2.61% | $41.40B | +4.84% | 0.00% |
| DXCM | -2.24% | $29.25B | -31.28% | 0.00% |
ETF's related to ONIT
News
Yahoo
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.
Yahoo
Enhances Capital Structure to Support Continued Growth and ProfitabilityWEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity”), a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC (“Escrow Issuer”), a wholly-owned special purpose subsidiary of PHH Corporation (“PHH”), closed the previously announced offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029 (the “Notes”). Glen A. Messin
Finnhub
Onity Group Inc. , a leading non-bank mortgage servicer and originator, today announced that PHH Escrow Issuer LLC , a wholly-owned special purpose subsidiary of PHH Corporation , closed the...
Yahoo
Onity Group ( NYSE:ONIT ) Third Quarter 2024 Results Key Financial Results Revenue: US$265.7m (up 4.0% from 3Q 2023...
SeekingAlpha
Onity Group Inc. (NYSE:ONIT) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ETCompany ParticipantsDico Akseraylian - Senior Vice President,...
Yahoo
Net income of $21 million and diluted EPS of $2.65; return on equity of 19%Adjusted pre-tax income of $35 million, resulting in adjusted pre-tax return on equity of 31%Executed several transactions to facilitate corporate debt refinancing, resulting in a debt-to-equity ratio of 2.9x as of September 30, 2024, compared to 3.9x in fourth quarter 2023$18 billion in total servicing additions ($8 billion in subservicing additions)Book value per share improved to $59.50 as of September 30, 2024 WEST PA
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.