Keefe Bruyette upgraded Onity Group from Mkt Perform to Outperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $40.00 | Neutral → Buy | BTIG Research |
| 7/10/2024 | Mkt Perform → Outperform | Keefe Bruyette |
BTIG Research upgraded Onity Group from Neutral to Buy and set a new price target of $40.00
Keefe Bruyette upgraded Onity Group from Mkt Perform to Outperform
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 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 quart
WEST PALM BEACH, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, November 5, 2024 at 8:30 a.m. (ET) to review the Company's third quarter 2024 operating results and provide a business update. All interested parties are welcome to participate. You can access the conference call by dialing (800) 343-5172 or (203) 518-9856 approximately 10 minutes prior to the call; please reference the conference ID "Onity." Participants can also access the conference call through a live audio webcast available from the Shareholder Relations pa
WEST PALM BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE:ONIT) ("Onity" or the "Company"), a leading non-bank mortgage servicer and originator, today announced multiple transactions to accelerate its ongoing capital restructuring plans. Oaktree Transactions On September 30, 2024, Onity entered into definitive agreements with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to amend the agreements between the Company and Oaktree to provide for the following: The Company will sell its 15% interest in MSR Asset Vehicle LLC ("MAV") to Oaktree for a cash payment equal to adjusted book value upon closing plus $15 million, subject to certain adjustments (th
SCHEDULE 13G - ONITY GROUP INC. (0000873860) (Subject)
8-K - ONITY GROUP INC. (0000873860) (Filer)
8-K - ONITY GROUP INC. (0000873860) (Filer)
Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates 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 expected to enhance the borrowers' application experience, shorten loan cycle times, and free up loan officer capacity so they
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. Ms. Haertel is responsible for leading Onity's investor relations activities to accelerate investor outreach and to communicate the Company's business strategy, financial performance and investment thesis to the investment community. She also will be responsible for maintaining relationships with existing investors and analyst
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. Onity's subsidiary, PHH Mortgage Corporation, will remain the exclusive subservicer of the existing MAV portfolio for an initial term of five years and will subservice the majority of new MSRs acquired by MAV. MAV also will be subject to certain restrictions on near-
SC 13G/A - ONITY GROUP INC. (0000873860) (Subject)
4 - ONITY GROUP INC. (0000873860) (Issuer)
4 - ONITY GROUP INC. (0000873860) (Issuer)
4 - ONITY GROUP INC. (0000873860) (Issuer)