Paloma Partners Management Co cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 76.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 17,606 shares of the financial services provider’s stock after selling 57,016 shares during the period. Paloma Partners Management Co’s holdings in OneMain Holdings were worth $438,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of OneMain Holdings during the fourth quarter valued at about $485,000. State Street Corp boosted its position in OneMain Holdings by 9.2% in the fourth quarter. State Street Corp now owns 645,039 shares of the financial services provider’s stock worth $14,275,000 after buying an additional 54,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in OneMain Holdings by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,299 shares of the financial services provider’s stock worth $17,717,000 after buying an additional 125,913 shares during the last quarter. Renaissance Technologies LLC acquired a new position in OneMain Holdings during the fourth quarter worth $1,114,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in OneMain Holdings during the fourth quarter worth $387,000. 95.30% of the stock is owned by institutional investors and hedge funds.
Shares of OneMain Holdings, Inc. (NYSE OMF) remained flat at $27.06 during mid-day trading on Friday. 566,248 shares of the company’s stock traded hands. The firm has a market capitalization of $3.66 billion, a PE ratio of 29.07 and a beta of 2.85. The stock has a 50-day moving average price of $24.94 and a 200 day moving average price of $24.59. OneMain Holdings, Inc. has a 1-year low of $16.03 and a 1-year high of $32.28.
OneMain Holdings (NYSE:OMF) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.40%. The firm had revenue of $569 million during the quarter, compared to analyst estimates of $631.92 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. On average, equities analysts forecast that OneMain Holdings, Inc. will post $3.78 EPS for the current fiscal year.
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A number of equities analysts have commented on the company. Barclays PLC increased their target price on OneMain Holdings from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday. Northland Securities reissued a “hold” rating and set a $30.00 target price on shares of OneMain Holdings in a report on Friday. Zacks Investment Research cut OneMain Holdings from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. Finally, ValuEngine lowered OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 14th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. OneMain Holdings currently has an average rating of “Hold” and an average target price of $28.53.
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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