Prudential Financial Inc. purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,700 shares of the financial services provider’s stock, valued at approximately $583,000.
Other hedge funds have also modified their holdings of the company. Utah Retirement Systems boosted its position in OneMain by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after buying an additional 100 shares during the period. Stifel Financial Corp increased its position in OneMain by 5.1% during the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 547 shares during the last quarter. Pacer Advisors Inc. increased its position in OneMain by 12.0% during the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 779 shares during the last quarter. JPMorgan Chase & Co. increased its position in OneMain by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in OneMain by 23.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,583 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 4,083 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.
OMF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Bank of America set a $35.00 price objective on shares of OneMain and gave the stock a “buy” rating in a research note on Friday, October 13th. ValuEngine cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Northland Securities reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Friday, November 3rd. Finally, Compass Point cut shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research note on Friday, November 3rd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $32.21.
OneMain Holdings, Inc. (OMF) traded up $0.75 during mid-day trading on Monday, hitting $27.01. 128,780 shares of the company traded hands, compared to its average volume of 649,333. The firm has a market capitalization of $3,620.00, a PE ratio of 8.01, a P/E/G ratio of 1.49 and a beta of 2.72. OneMain Holdings, Inc. has a twelve month low of $21.35 and a twelve month high of $33.39.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. equities research analysts forecast that OneMain Holdings, Inc. will post 3.52 EPS for the current fiscal year.
In related news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 57.73% of the company’s stock.
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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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