State Street Corp Acquires 323 Shares of OneMain Holdings, Inc. (OMF)
State Street Corp raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 664,974 shares of the financial services provider’s stock after acquiring an additional 323 shares during the period. State Street Corp owned approximately 0.49% of OneMain Holdings worth $16,351,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in OneMain Holdings by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 2,200 shares during the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 779 shares during the last quarter. Principal Financial Group Inc. bought a new position in OneMain Holdings during the second quarter valued at $237,000. Amalgamated Bank bought a new position in OneMain Holdings during the second quarter valued at $238,000. Finally, Utah Retirement Systems increased its position in OneMain Holdings by 1.0% during the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
In other OneMain Holdings news, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. 57.73% of the stock is owned by corporate insiders.
OMF has been the topic of a number of analyst reports. ValuEngine upgraded shares of OneMain Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America Corporation set a $35.00 price objective on shares of OneMain Holdings and gave the company a “buy” rating in a research report on Friday, October 13th. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. BMO Capital Markets restated a “buy” rating on shares of OneMain Holdings in a report on Monday, November 6th. Finally, Northland Securities restated a “hold” rating and issued a $30.00 price target on shares of OneMain Holdings in a report on Friday, August 4th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.21.
OneMain Holdings, Inc. (OMF) opened at $25.25 on Tuesday. The company has a market cap of $3,370.48, a PE ratio of 7.59, a PEG ratio of 1.41 and a beta of 2.87. OneMain Holdings, Inc. has a 1-year low of $19.38 and a 1-year high of $33.39.
OneMain Holdings (NYSE:OMF) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain Holdings had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that OneMain Holdings, Inc. will post 3.52 EPS for the current fiscal year.
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OneMain Holdings 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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