Onity Group Inc.

NYSE:ONIT Stock Report

Market Cap: US$237.8m

Onity Group Management

Management criteria checks 3/4

Onity Group's CEO is Glen Messina, appointed in Oct 2018, has a tenure of 6.17 years. total yearly compensation is $8.15M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 3.68% of the company’s shares, worth $8.74M. The average tenure of the management team and the board of directors is 3.9 years and 6.2 years respectively.

Key information

Glen Messina

Chief executive officer

US$8.2m

Total compensation

CEO salary percentage12.3%
CEO tenure6.2yrs
CEO ownership3.7%
Management average tenure3.9yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

Ocwen Financial Corporation: Need More To Make This A Buy

Jul 18

Analysts Are Updating Their Ocwen Financial Corporation (NYSE:OCN) Estimates After Its First-Quarter Results

May 06
Analysts Are Updating Their Ocwen Financial Corporation (NYSE:OCN) Estimates After Its First-Quarter Results

Is Now The Time To Put Ocwen Financial (NYSE:OCN) On Your Watchlist?

Mar 02
Is Now The Time To Put Ocwen Financial (NYSE:OCN) On Your Watchlist?

Ocwen Financial names CEO Messina as board chair

Jan 23

Ocwen Financial Q3 2022 Earnings Preview

Nov 02

Ocwen: Fundamental Stability And Strategy Amidst Market Volatility

Aug 31

Time To Worry? Analysts Just Downgraded Their Ocwen Financial Corporation (NYSE:OCN) Outlook

Mar 01
Time To Worry? Analysts Just Downgraded Their Ocwen Financial Corporation (NYSE:OCN) Outlook

Ocwen Financial agrees to acquire Reverse Mortgage Servicing Platform

Jun 18

Here's Why Shareholders May Want To Be Cautious With Increasing Ocwen Financial Corporation's (NYSE:OCN) CEO Pay Packet

May 19
Here's Why Shareholders May Want To Be Cautious With Increasing Ocwen Financial Corporation's (NYSE:OCN) CEO Pay Packet

Ocwen Financial's(NYSE:OCN) Share Price Is Down 70% Over The Past Five Years.

Dec 24
Ocwen Financial's(NYSE:OCN) Share Price Is Down 70% Over The Past Five Years.

CEO Compensation Analysis

How has Glen Messina's remuneration changed compared to Onity Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$15m

Jun 30 2024n/an/a

US$2m

Mar 31 2024n/an/a

US$7m

Dec 31 2023US$8mUS$1m

-US$64m

Sep 30 2023n/an/a

-US$96m

Jun 30 2023n/an/a

-US$67m

Mar 31 2023n/an/a

-US$73m

Dec 31 2022US$6mUS$972k

US$26m

Sep 30 2022n/an/a

US$104m

Jun 30 2022n/an/a

US$88m

Mar 31 2022n/an/a

US$68m

Dec 31 2021US$7mUS$900k

US$18m

Sep 30 2021n/an/a

US$13m

Jun 30 2021n/an/a

-US$18m

Mar 31 2021n/an/a

-US$6m

Dec 31 2020US$5mUS$900k

-US$40m

Sep 30 2020n/an/a

US$2m

Jun 30 2020n/an/a

-US$31m

Mar 31 2020n/an/a

-US$123m

Dec 31 2019US$8mUS$900k

-US$142m

Sep 30 2019n/an/a

-US$181m

Jun 30 2019n/an/a

-US$179m

Mar 31 2019n/an/a

-US$119m

Dec 31 2018US$8mUS$215k

-US$72m

Compensation vs Market: Glen's total compensation ($USD8.15M) is above average for companies of similar size in the US market ($USD1.39M).

Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.

CEO

Glen Messina (62 yo)

6.2yrs

Tenure

US$8,153,781

Compensation

Mr. Glen A. Messina serves as the President, CEO and Director of Onity Group Inc. (formerly known as Ocwen Financial Corporation) since October 4, 2018 and has been its Chair of the Board since January 23,...

Leadership Team

NamePositionTenureCompensationOwnership
Glen Messina
CEO, President & Chair of the Board6.2yrsUS$8.15m3.68%
$ 8.7m
Sean O'Neil
Executive VP & CFO2.5yrsUS$2.46m0.33%
$ 790.2k
Dennis Zeleny
Executive VP & Chief Administrative Officer5.3yrsUS$2.13m0.21%
$ 500.1k
Scott Anderson
Executive VP & Chief Servicing Officer15.9yrsUS$2.14m0.37%
$ 887.9k
Aaron Wade
Executive VP & Chief Investment Officer2yrsno data0.073%
$ 174.2k
Francois Grunenwald
Senior VP & Chief Accounting Officer5.3yrsno datano data
Joseph Samarias
Chief Ethics Officer5.7yrsno data0.19%
$ 461.5k
Jenna Evans
Executive VP2.2yrsno data0.027%
$ 64.6k
Richard Bradfield
Executive Vice President of Strategic Initiativesless than a yearno datano data
Andrew Peach
Executive VP of Originations & Chief Lending Officerless than a yearno datano data

3.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: ONIT's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Glen Messina
CEO, President & Chair of the Board6.2yrsUS$8.15m3.68%
$ 8.7m
Kevin Stein
Lead Independent Director5.8yrsUS$277.83k0.37%
$ 883.1k
Jenne Britell
Independent Director5.8yrsUS$218.00k0.37%
$ 883.1k
DeForest Soaries
Independent Director9.9yrsUS$274.52k0.40%
$ 955.7k
Jacques Busquet
Independent Director8.9yrsUS$243.00k0.51%
$ 1.2m
Claudia Merkle
Independent Directorless than a yearno data0.0082%
$ 19.4k
Alan Bowers
Independent Director9.6yrsUS$235.50k0.40%
$ 948.5k

6.2yrs

Average Tenure

70yo

Average Age

Experienced Board: ONIT's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 09:38
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Onity Group Inc. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Kenneth BruceBofA Global Research
Matthew HowlettB. Riley Securities, Inc.