OneMain Holdings, Inc. (OMF) Director Sells $260,000,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) Director Wesley R. Edens sold 10,000,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of OneMain Holdings, Inc. (OMF) opened at $24.42 on Thursday. The stock has a market capitalization of $3,260.88, a PE ratio of 7.35, a P/E/G ratio of 1.37 and a beta of 2.87. OneMain Holdings, Inc. has a 1 year low of $19.38 and a 1 year high of $33.39.

OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. OneMain Holdings had a net margin of 4.85% and a return on equity of 14.15%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. research analysts anticipate that OneMain Holdings, Inc. will post 3.52 EPS for the current year.

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OMF has been the subject of several analyst reports. Zacks Investment Research raised OneMain Holdings from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, July 19th. ValuEngine raised OneMain Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America Corporation set a $35.00 price objective on OneMain Holdings and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain Holdings in a research report on Monday, November 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.21.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Utah Retirement Systems raised its stake in OneMain Holdings by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in OneMain Holdings by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 334 shares during the last quarter. AQR Capital Management LLC raised its stake in OneMain Holdings by 1.0% during the 1st quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock valued at $1,306,000 after acquiring an additional 506 shares during the last quarter. Stifel Financial Corp raised its stake in OneMain Holdings by 5.1% during the 2nd quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 547 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in OneMain Holdings by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 779 shares during the last quarter. 95.85% of the stock is owned by hedge funds and other institutional investors.

OneMain Holdings Company Profile

OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.

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