OneMain Holdings, Inc. (OMF) Stake Boosted by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 35.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,631 shares of the financial services provider’s stock after acquiring an additional 4,650 shares during the period. Public Employees Retirement System of Ohio’s holdings in OneMain Holdings were worth $434,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of OneMain Holdings 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 acquiring an additional 2,200 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of OneMain Holdings in the second quarter worth $132,000. Pacer Advisors Inc. raised its position in OneMain Holdings 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 purchasing an additional 779 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in OneMain Holdings during the second quarter valued at about $237,000. Finally, Amalgamated Bank purchased a new stake in OneMain Holdings during the second quarter valued at about $238,000. 95.85% of the stock is owned by institutional investors.
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A number of research analysts have recently issued reports on the company. ValuEngine raised OneMain Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Compass Point cut OneMain Holdings from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on OneMain Holdings from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Barclays PLC set a $30.00 price objective on OneMain Holdings and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Bank of America Corporation set a $35.00 target price on OneMain Holdings and gave the stock a “buy” rating in a research note on Friday, October 13th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.21.
In other news, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 57.73% of the company’s stock.
Shares of OneMain Holdings, Inc. (OMF) opened at $24.89 on Tuesday. OneMain Holdings, Inc. has a 1 year low of $19.38 and a 1 year high of $33.39. The company has a market cap of $3,379.95, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.42 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.15%. The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. During the same period in the previous year, the firm earned $0.90 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities analysts predict that OneMain Holdings, Inc. will post 3.52 earnings per share for the current year.
OneMain Holdings 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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