GSA Capital Partners LLP decreased its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 59.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,245 shares of the financial services provider’s stock after selling 74,034 shares during the quarter. GSA Capital Partners LLP’s holdings in OneMain were worth $1,416,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in OMF. SG Americas Securities LLC purchased a new stake in shares of OneMain during the third quarter worth $119,000. JPMorgan Chase & Co. lifted its position in shares of OneMain by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,200 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in OneMain in the second quarter valued at approximately $132,000. Pacer Advisors Inc. raised its holdings in OneMain by 12.0% in 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 in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in OneMain in the third quarter valued at approximately $206,000. Institutional investors own 95.81% of the company’s stock.
In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction 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 can be accessed through this link. Also, Director Wesley R. Edens sold 10,000,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was 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. Insiders have sold a total of 18,500,000 shares of company stock worth $474,250,000 over the last 90 days. Insiders own 57.73% of the company’s stock.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. During the same quarter last year, the company posted $0.90 EPS. OneMain’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts forecast that OneMain Holdings Inc will post 3.52 EPS for the current year.
Several research analysts recently weighed in on OMF shares. Jefferies Group reissued a “buy” rating and issued a $48.00 target price on shares of OneMain in a research note on Thursday. Barclays restated a “hold” rating and issued a $35.00 price target on shares of OneMain in a report on Wednesday, December 13th. Compass Point raised OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Northland Securities reaffirmed a “hold” rating and set a $35.00 target price on shares of OneMain in a report on Friday, November 3rd. Finally, ValuEngine downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.
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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