TIAA CREF Investment Management LLC lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 14.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,437 shares of the financial services provider’s stock after selling 26,590 shares during the period. TIAA CREF Investment Management LLC owned about 0.12% of OneMain Holdings worth $3,937,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in OMF. Russell Investments Group Ltd. bought a new stake in shares of OneMain Holdings during the fourth quarter valued at about $485,000. State Street Corp boosted its stake in shares of OneMain Holdings by 9.2% in the fourth quarter. State Street Corp now owns 645,039 shares of the financial services provider’s stock valued at $14,275,000 after buying an additional 54,241 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $17,717,000 after buying an additional 125,913 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of OneMain Holdings during the fourth quarter valued at about $1,114,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in OneMain Holdings during the fourth quarter valued at $387,000. 95.30% of the stock is owned by institutional investors.
Shares of OneMain Holdings, Inc. (NYSE:OMF) opened at 27.06 on Friday. OneMain Holdings, Inc. has a 12 month low of $16.03 and a 12 month high of $32.28. The company has a market cap of $3.66 billion, a P/E ratio of 29.07 and a beta of 2.85. The company’s 50 day moving average is $24.94 and its 200-day moving average is $24.59.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $569 million for the quarter, compared to the consensus estimate of $631.92 million. OneMain Holdings had a return on equity of 14.40% and a net margin of 3.63%. During the same period in the previous year, the business posted $0.96 earnings per share. Analysts expect that OneMain Holdings, Inc. will post $3.78 EPS for the current fiscal year.
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Several research firms recently weighed in on OMF. Zacks Investment Research lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine lowered shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Barclays PLC lifted their target price on shares of OneMain Holdings from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of OneMain Holdings in a report on Tuesday, July 18th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.24.
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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