Polianta Ltd acquired a new position in OneMain Holdings Inc (NYSE:OMF) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 45,300 shares of the financial services provider’s stock, valued at approximately $1,177,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of OneMain during the third quarter worth $119,000. JPMorgan Chase & Co. raised its position in shares of 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 period. Cubist Systematic Strategies LLC purchased a new position in shares of OneMain during the second quarter valued at $132,000. Pacer Advisors Inc. grew its holdings in shares of OneMain by 12.0% during the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after buying an additional 779 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of OneMain during the third quarter valued at $206,000. 95.88% of the stock is currently owned by institutional investors.
In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,500,000 shares of company stock valued at $474,250,000 in the last three months. 57.73% of the stock is owned by insiders.
A number of brokerages have recently weighed in on OMF. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a report on Friday, January 12th. Compass Point upgraded OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Barclays restated a “hold” rating and issued a $35.00 target price on shares of OneMain in a research note on Wednesday, December 13th. Finally, Northland Securities restated a “hold” rating and issued a $35.00 target price on shares of OneMain in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.62.
Shares of OneMain Holdings Inc (OMF) opened at $32.71 on Thursday. OneMain Holdings Inc has a 12-month low of $21.93 and a 12-month high of $35.11. The firm has a market capitalization of $4,531.50, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.50 and a beta of 2.72.
OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. During the same period in the prior year, the firm posted $0.90 EPS. OneMain’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts predict that OneMain Holdings Inc will post 3.52 earnings per share for the current fiscal 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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