Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in OneMain Holdings Inc (OMF)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in OneMain Holdings Inc (NYSE:OMF) by 33.6% in the 4th quarter, HoldingsChannel reports. The firm owned 5,503 shares of the financial services provider’s stock after selling 2,786 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OneMain were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Hawaiian Bank purchased a new stake in shares of OneMain in the 4th quarter worth about $25,000. Meeder Asset Management Inc. grew its position in shares of OneMain by 36.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock worth $52,000 after buying an additional 575 shares during the period. Commonwealth Bank of Australia purchased a new stake in shares of OneMain in the 3rd quarter worth about $278,000. Strs Ohio grew its position in shares of OneMain by 53.3% in the 4th quarter. Strs Ohio now owns 10,490 shares of the financial services provider’s stock worth $254,000 after buying an additional 3,647 shares during the period. Finally, GAM Holding AG grew its position in shares of OneMain by 16.4% in the 3rd quarter. GAM Holding AG now owns 13,582 shares of the financial services provider’s stock worth $456,000 after buying an additional 1,915 shares during the period. Institutional investors and hedge funds own 91.65% of the company’s stock.

In other news, Director Jay N. Levine acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average cost of $27.65 per share, with a total value of $276,500.00. Following the transaction, the director now owns 3,107,296 shares of the company’s stock, valued at approximately $85,916,734.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 43.93% of the company’s stock.

A number of research firms have recently weighed in on OMF. Zacks Investment Research downgraded shares of OneMain from a “hold” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of OneMain from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday. JMP Securities upped their target price on shares of OneMain from $39.00 to $44.00 and gave the stock a “market outperform” rating in a research report on Wednesday. ValuEngine raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, JPMorgan Chase & Co. raised shares of OneMain from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $34.50 to $32.00 in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.11.

Shares of OMF stock opened at $34.31 on Friday. OneMain Holdings Inc has a one year low of $22.47 and a one year high of $37.29. The stock has a market cap of $4.60 billion, a P/E ratio of 6.78, a PEG ratio of 0.81 and a beta of 2.55.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, February 11th. The financial services provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.06. OneMain had a net margin of 11.30% and a return on equity of 19.64%. The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $730.46 million. As a group, equities analysts predict that OneMain Holdings Inc will post 5.6 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 26th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 25th.

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OneMain Company Profile

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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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