California State Teachers Retirement System lowered its holdings in OneMain Holdings Inc (NYSE:OMF) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,032 shares of the financial services provider’s stock after selling 9,092 shares during the quarter. California State Teachers Retirement System owned 0.07% of OneMain worth $2,510,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of OMF. FMR LLC raised its position in OneMain by 7.9% in the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock valued at $265,004,000 after purchasing an additional 789,858 shares during the period. Gruss Capital Management LP purchased a new stake in OneMain in the second quarter valued at $17,483,000. Dimensional Fund Advisors LP raised its position in OneMain by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock valued at $37,971,000 after purchasing an additional 676,203 shares during the period. Vanguard Group Inc. raised its position in OneMain by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after purchasing an additional 172,224 shares during the period. Finally, First Trust Advisors LP raised its position in OneMain by 32.9% in the third quarter. First Trust Advisors LP now owns 627,036 shares of the financial services provider’s stock valued at $17,676,000 after purchasing an additional 155,182 shares during the period. Institutional investors own 95.81% of the company’s stock.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The disclosure for this sale can be found here. Insiders sold a total of 18,500,000 shares of company stock worth $474,250,000 in the last quarter. Company insiders own 57.73% of the company’s stock.
A number of equities research analysts have commented on the company. Jefferies Group restated a “buy” rating and issued a $48.00 target price on shares of OneMain in a research report on Thursday. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Friday. Barclays reiterated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Wednesday, December 13th. Compass Point upgraded OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Northland Securities reiterated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.00.
Shares of OneMain Holdings Inc (NYSE:OMF) opened at $34.08 on Friday. The stock has a market capitalization of $4,610.00, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.56 and a beta of 2.72. OneMain Holdings Inc has a 1-year low of $21.56 and a 1-year high of $35.11.
OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The firm had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. OneMain’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. analysts expect that OneMain Holdings Inc will post 3.52 earnings per share for the current year.
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OneMain 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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