Virginia Retirement Systems ET AL bought a new position in OneMain Holdings Inc (NYSE:OMF) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,299 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds also recently modified their holdings of the business. Utah Retirement Systems grew its stake in OneMain by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 100 shares in the last quarter. Stifel Financial Corp grew its stake in OneMain by 5.1% in the 2nd quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 547 shares in the last quarter. Pacer Advisors Inc. grew its stake in OneMain by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 779 shares in the last quarter. JPMorgan Chase & Co. grew its stake in OneMain by 103.0% in the 2nd 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. Finally, Teachers Retirement System of The State of Kentucky grew its stake in OneMain by 23.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 21,583 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 4,083 shares in the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

In related news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 57.73% of the company’s stock.

OneMain Holdings Inc (NYSE:OMF) traded down $1.11 during midday trading on Friday, hitting $25.25. 5,008,700 shares of the stock were exchanged, compared to its average volume of 671,572. OneMain Holdings Inc has a 1 year low of $21.50 and a 1 year high of $33.39. The company has a market capitalization of $3,567.80, a P/E ratio of 8.04, a PEG ratio of 1.50 and a beta of 2.72.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The firm had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. During the same period in the previous year, the company earned $0.90 EPS. The company’s revenue was up 4.9% on a year-over-year basis. analysts anticipate that OneMain Holdings Inc will post 3.52 earnings per share for the current year.

A number of brokerages have commented on OMF. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Bank of America set a $35.00 price objective on shares of OneMain and gave the company a “buy” rating in a research note on Friday, October 13th. ValuEngine downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Northland Securities reiterated a “hold” rating and set a $35.00 price objective on shares of OneMain in a research note on Friday, November 3rd. Finally, Compass Point downgraded shares of OneMain 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. OneMain has an average rating of “Hold” and an average target price of $32.85.

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OneMain 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.

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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