Onity Group (NYSE:ONIT – Get Free Report) is one of 19 public companies in the “FIN – MTG&REL SVS” industry, but how does it contrast to its peers? We will compare Onity Group to related businesses based on the strength of its valuation, institutional ownership, dividends, earnings, analyst recommendations, risk and profitability.
Institutional & Insider Ownership
70.2% of Onity Group shares are held by institutional investors. Comparatively, 52.2% of shares of all “FIN – MTG&REL SVS” companies are held by institutional investors. 7.6% of Onity Group shares are held by company insiders. Comparatively, 30.3% of shares of all “FIN – MTG&REL SVS” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Risk and Volatility
Onity Group has a beta of 1.66, meaning that its share price is 66% more volatile than the S&P 500. Comparatively, Onity Group’s peers have a beta of 1.35, meaning that their average share price is 35% more volatile than the S&P 500.
Analyst Ratings
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Onity Group | 0 | 0 | 3 | 0 | 3.00 |
Onity Group Competitors | 152 | 677 | 983 | 15 | 2.47 |
Onity Group currently has a consensus price target of $48.33, suggesting a potential upside of 29.82%. As a group, “FIN – MTG&REL SVS” companies have a potential upside of 20.93%. Given Onity Group’s stronger consensus rating and higher possible upside, research analysts clearly believe Onity Group is more favorable than its peers.
Profitability
This table compares Onity Group and its peers’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Onity Group | 2.62% | 22.67% | 0.70% |
Onity Group Competitors | -4.16% | -79.30% | -0.70% |
Earnings & Valuation
This table compares Onity Group and its peers top-line revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Onity Group | $976.00 million | $33.90 million | 13.06 |
Onity Group Competitors | $18.27 billion | $1.82 billion | -71.57 |
Onity Group’s peers have higher revenue and earnings than Onity Group. Onity Group is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Summary
Onity Group beats its peers on 9 of the 13 factors compared.
About Onity Group
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. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.
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