Gator Capital Management LLC grew its holdings in OneMain Holdings Inc (NYSE:OMF) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,570 shares of the financial services provider’s stock after purchasing an additional 5,240 shares during the quarter. OneMain comprises about 2.4% of Gator Capital Management LLC’s portfolio, making the stock its 13th biggest position. Gator Capital Management LLC’s holdings in OneMain were worth $2,338,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of OneMain in the 2nd quarter valued at about $161,000. SG Americas Securities LLC acquired a new position in shares of OneMain in the 2nd quarter valued at about $208,000. Strs Ohio acquired a new position in shares of OneMain in the 2nd quarter valued at about $244,000. State of Alaska Department of Revenue lifted its stake in shares of OneMain by 41.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,780 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 2,280 shares during the period. Finally, Dakota Wealth Management acquired a new position in shares of OneMain in the 2nd quarter valued at about $267,000. 91.42% of the stock is currently owned by institutional investors.
Shares of OneMain stock opened at $29.34 on Monday. OneMain Holdings Inc has a one year low of $23.68 and a one year high of $37.29. The stock has a market capitalization of $3.98 billion, a P/E ratio of 8.29, a PEG ratio of 0.78 and a beta of 2.64.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.03. The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $852.42 million. OneMain had a return on equity of 19.01% and a net margin of 8.27%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. On average, equities analysts anticipate that OneMain Holdings Inc will post 4.99 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on OMF shares. Barclays set a $39.00 price objective on OneMain and gave the company an “equal weight” rating in a research note on Friday, July 20th. BMO Capital Markets boosted their target price on OneMain from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Finally, ValuEngine lowered OneMain from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. OneMain has a consensus rating of “Buy” and a consensus price target of $38.70.
In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $35.41, for a total transaction of $88,525.00. Following the completion of the sale, the senior vice president now directly owns 7,644 shares of the company’s stock, valued at approximately $270,674.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.93% of the company’s stock.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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