Teacher Retirement System of Texas purchased a new stake in shares of OneMain Holdings Inc (NYSE:OMF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,011 shares of the financial services provider’s stock, valued at approximately $598,000.
Several other institutional investors have also recently made changes to their positions in the company. Blue Sky Asset Management LLC acquired a new stake in shares of OneMain during the 4th quarter valued at about $1,085,000. Gator Capital Management LLC acquired a new stake in shares of OneMain during the 4th quarter valued at about $1,984,000. Aperio Group LLC lifted its holdings in shares of OneMain by 18.9% during the 4th quarter. Aperio Group LLC now owns 10,187 shares of the financial services provider’s stock valued at $265,000 after buying an additional 1,617 shares during the last quarter. Comerica Bank lifted its holdings in shares of OneMain by 61.6% during the 4th quarter. Comerica Bank now owns 137,932 shares of the financial services provider’s stock valued at $4,601,000 after buying an additional 52,587 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of OneMain during the 4th quarter valued at about $744,000. Institutional investors and hedge funds own 94.34% of the company’s stock.
OneMain Holdings Inc (NYSE OMF) opened at $32.15 on Tuesday. OneMain Holdings Inc has a one year low of $22.04 and a one year high of $36.32. The firm has a market capitalization of $4,377.30, a P/E ratio of 9.12, a P/E/G ratio of 1.31 and a beta of 2.79.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The business had revenue of $799.00 million for the quarter, compared to the consensus estimate of $798.70 million. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. equities analysts anticipate that OneMain Holdings Inc will post 4.91 EPS for the current year.
OMF has been the subject of several research reports. Bank of America upgraded OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, January 4th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and issued a $48.00 price objective on shares of OneMain in a research note on Thursday, January 11th. Compass Point raised OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays reissued a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. OneMain currently has an average rating of “Buy” and a consensus price target of $34.58.
In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of OneMain 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 57.73% of the company’s stock.
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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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