Strs Ohio Decreases Holdings in OneMain Holdings, Inc. $OMF

Strs Ohio reduced its position in OneMain Holdings, Inc. (NYSE:OMF) by 91.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,848 shares of the financial services provider’s stock after selling 30,203 shares during the period. Strs Ohio’s holdings in OneMain were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in OneMain in the third quarter valued at about $26,000. Bayforest Capital Ltd grew its stake in shares of OneMain by 591.8% during the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 574 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of OneMain by 79.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 363 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of OneMain by 2,940.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 882 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of OneMain in the 2nd quarter worth approximately $56,000. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 652 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the transaction, the senior vice president directly owned 15,179 shares in the company, valued at $941,098. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 63,152 shares of company stock valued at $4,269,999. Company insiders own 0.40% of the company’s stock.

OneMain Price Performance

OMF opened at $64.09 on Wednesday. The company has a 50 day simple moving average of $66.55 and a two-hundred day simple moving average of $61.25. The firm has a market cap of $7.54 billion, a P/E ratio of 10.86, a PEG ratio of 0.37 and a beta of 1.33. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $71.93.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of OneMain from $63.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Citizens Jmp cut their price objective on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research report on Monday, November 24th. Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.33.

OneMain Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.